If one is targeting a first entry to AMD, I personally think this is a good level to go in for long term investors and the reasons are simple.
Cancel out the noises and ask yourself is getting AMD at $86 attractive to you? To me, simply yes.
Will it touch above $100 again? Easily. That presents a 16% upside easily.
Why? I don't see the desktops, laptops and gaming / mobile devices getting phased out in my lifetime.
Also the rise of EVs is now inevitable and that presents an enormous potential for players like AMD to further their growth.
WinningTrader : Noob here. With all the changes like cost, financials, environment....etc, why does the S/R two years ago still valid?
GT1982 OP WinningTrader : There are many quick tools such as MAs and S/R that can be used to guide our decision. The latter is useful because many traders position their trades around these levels such as one pip above or below.
GT1982 OP : Congrats to all who bought yesterday..
WinningTrader : is the market bearish or bullish after the GDP results?
GT1982 OP : I can't say for sure to be honest. In the current climate we have to be very nimble if we are to do trading.
For long term investing, I would say there are many great picks now.