AMD Going, Going, Gone?

30 giu 2021

I think it is obvious by now, but sometimes a break-out can reverse just as quickly, but this pattern is a Megaphone Bottom. It suggests, after large ups and downs in a stock's price, that the outlook is now Bullish after the price breaks above and beyond the Second Peak (4/29-30). I grabbed a $93 Call this morning at open and by close, it had doubled in price. That was with the news the Xlinix deal was approved by part of the European parties involved, I believe there is one more that needs to give a 'Yes' or 'No' to the deal...no idea when that will happen. Beyond the deal/Pattern AMD makes very solid products. AMD, along with CSCO(Cisco) I feel have been undervalued compared to Nvidia and the like. Anyways, make that $$$$! Peace!