A great company which could survive all weather
The market turmoil in Feb has eroded a lot people's bank roll, so as to the market cap of tech companies in general, some are extremely good ones.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.
Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
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