$Advanced Micro Devices (AMD.US)$ AMD closed below 161.95 re...
$Advanced Micro Devices(AMD.US$ AMD closed below 161.95 resistance on Monday and tried breaking above it on Tuesday. Despite still having the bull trend, it failed to close at a brand new high partly due to the general market sentiment which is undergoing a pullback/correction in the making.
As of now, AMD still looking strong and there is not much cause of a worry. I will not even be surprised if AMD outperforms the market like how Aapl did yesterday when the market was red and Aapl alone was green. It is still sitting above 158 resistance turned support and if that support holds, we may retest the 162 resistance again.
If you have not watched my video, do take some time to know your entry and exit points as I stated the resistance and support levels.
As always, trade safe & invest wise!
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好人一生平安1314 : thank you for always providing valuable insight, thumbs up
Investing 101OP 好人一生平安1314: Do help subscribe and like my videos so I can do more for you guys!
好人一生平安1314 Investing 101OP: will do sir
Master Corgi : What are you thoughts on @$Amazon (AMZN.US)$ making their own chip? $NVIDIA (NVDA.US)$
Investing 101OP Master Corgi: Will do more research and let you know my thoughts later.
Investing 101OP Master Corgi: im not very knowledgeable regarding chips technology. But it seems that they are trying to fight for the chips market share by offering a cheaper alternative to customers. Well if they do succeed in keeping cost low but yet still deliver performance, they could very well also snatch a portion of the market pie. This was similarly how AMD started coming in to compete. Their chips were cheaper and over the years gotten better while still keeping cost competitive. If amazon can do something like that as well, it should help open up a different revenue source.
Chips are definitely a big thing in the future due to technology taking over our lives. Thus I still hold on to AEM from 4 years back as it is part of the semi conductor sector and it has rewarded me very very well.
Master Corgi : Thanks for the reply mate!
mastertrey : What do you tHink about AMC, Will it break down or rebound?
Investing 101OP mastertrey: Amc hard to say. Meme stocks don't really follow much on technicals. More to how the retailers plan to pump it.
mastertrey : Okay last Question, you think NIO is going to dip? I not sure if i should sell
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