The Long Investor

$AMD TOP 20

Added 2024-01-28 20:28:47 +0000 UTC

$AMD has made a 98% gain from its 0.5 Fib at $93 in November this week.

A stock we have been following incredibly close all year and have been making very impressive profits....in spite of us wanting to add more when it pulled back but never pulled back strong enough for us to add substantially.

A 100% gain in a 2-3 months is an enormous show of strength and it is going parabolic now....earnings are out on Tuesday too and this has rallied enormously leading up to earnings....this is usually a red flag for me and why we haven't been chasing this.

This is how $NVDA had been behaving too leading up to their earnings last year but the expectations were met each time they reported their earnings so the share price was able to sustain its trajectory.....$AMD have now got massive boots to fill to keep up with $NVDA....this report will tell us a lot...and if they do meet their expectations, then it can keep running up to our Wave 3 target at the 1.618 Fib at $220.

If it does not meet the markets estimates, then we could see a rapid decline here....its a 50/50 call here, the market seems optimistic but its too much of a buy the rumour, sell the news event now for me with this parabolic move lately....so I will not be chasing.