If it does not hold here, we are looking at 56$ per share because people tend to sell faster if the stock keep falling. Given All time high situation in S&P 500 with current low VIX, shorting AMD is safe haven for those who like to short because market might be correcting and AMD might keep dipping further.
pootpoot : 56 dollars would mean a big crash is coming. cute. your 56 dollars bypass the weekly and monthly chart right away
Buy_High_Sell_Low OP pootpoot : I am saying worst case scenario because it did hit until 56$ in previous bear run ..
pootpoot Buy_High_Sell_Low OP : yes it did because it was a overall bear market. there are several key levels that is yet to be broken. especially spy is still on bullish trend. have to take it level by level..
Buy_High_Sell_Low OP pootpoot : Yeah, I agree with you for that and I am aware this is a major support level as well... just showing another perspective of AMD recent correction against market ...
Sam Vandersey : 2025 is the year of AMD?. Hoping for the best.
Sailang Kitty : 56? That’s ridiculous. People would go all in if it ever hits 90
Buy_High_Sell_Low OP Sailang Kitty : I'm just saying as per historical value... the intrinsic value is at 72 $ actually (@Adam Khoo Calculator UT)