|From: alena30 (Rep: 0)||Date: 10/06/2017 06:44|
|Forum: Advanced Micro Devices - Msg #2012||Thread #673957010 (Rec: 0) |
|Why bearish on AMD Stock?|
AMD Stock Technical Analysis: Setting the Stage for Its Next Move
I do not think I have ever experienced a stock market rally like the one currently in development. This market is clearly geared towards higher stock prices, and the order of the day continues to be new all-time highs.
With this type of bullish backdrop, how anybody can be bearish on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is beyond me. I am certainly not. I have expressed on numerous occasions that my price objective stands at $24.50. This objective was obtained using a method called a “parabolic extension,” and it is within the body of knowledge known as technical analysis, which I employ to analyze the prospects of an investment.
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