AMD Stock Forecast – Technical Analysis (Is Now a Good Time to BUY?)

This video is about AMD stock I start by saying that while I was not bullish on AMD a few weeks ago, it now seems to be advancing like the other semiconductor companies. I then go on to look at some graphs, showing the resistance levels and the downtrend and uptrend lines for AMD. I note that AMD has broken out of a downtrend and is now accelerating off the uptrend line, which is a good thing. I also note that while the stock may be overbought, they do not want to see it start to go down. I predict that AMD will hold and move towards major resistance at around $100.

I also look at the monthly graph, which shows a bar that they do not like. However, since it is only mid-month, I believe it is still early and that the stock is just getting started to make a move. I draw a major area of support on the weekly graph, which was previously resistance that has now been broken through, and suggest that if the stock were to touch that area, it would be a great buying opportunity.

I conclude by saying that I like AMD and that investors can still get in at prices from July 1st, 2020. I encourage viewers to subscribe to my channel and hit the bell for notifications on when they go live. Why, that’s because I take stock requests live.

Overall, the discussion is bullish on AMD, suggesting that the stock is in a good position to advance and may be a good investment opportunity. I use technical analysis to make my predictions and provide a detailed explanation of my reasoning. However, as with all investments, it is important to conduct thorough research and exercise caution when making investment decisions.

This is DreTrades, and I hope you enjoyed the video and this post.