Power Plays New Idea: AMD
September 5, 2023
By Scott Redler
Name: Advanced Micro devices
Needs to Hold: $99 to $104
Price Objective 1: N/A
Price Objective 2: N/A
Advanced Micro Devices (AMD) showed relative strength and Friday and it looks like it can clear the descending channel.
So I'm making it our newest Power Play.
The danger zone here is $99 to $104. If the stock gets there I'll look to switch gears.
But if AMD can break through the $110 area, it could accelerate further and give us some nice upside.
Scott Redler Positions Disclosure as of 2023-09-05 at 8.04.26 AM