here's that AMD KISS chart from the KISS tables that went long,
that was likely triggered from the washout oversold reversal on the
KISS system, also had a Demark 9
While the current AMD stock price may be attractive technically,
Intel's (INTC) recent earnings report signals potential headwinds.
INTC reported weakness in the PC segment and softer-than-expected
data center demand, excluding AI. Given the competitive landscape,
it may be prudent to temper expectations for AMD's Q1 2024 results
on April 30th. The PC market slowdown and muted non-AI data center
demand could impact AMD's Client and Data Center segments. If you
plan to take a position or add to an existing one, consider keeping
some powder dry. This way, if AMD's earnings disappoint and the
stock dips, you can add at more attractive levels. AMD valuation
29x next year EPS vs NVDA 28x at last night's after hours 8PM
closing price. Considering NVDA AI exposure, it is arguably better
positioned from end-market perspective for upcoming earnings than
AMD. One other factor to note: April is one of the worst months
seasonally for Semis, while May is a positive month (90%).
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here's that AMD KISS chart
KISS STS systems updated
Posted by matt on 25th of Apr 2024 at 04:36 pm
here's that AMD KISS chart from the KISS tables that went long, that was likely triggered from the washout oversold reversal on the KISS system, also had a Demark 9
https://breakpointtrades.com/ts/view_chart.php?s=AMD&g=BPT_basket
While the current AMD stock
Posted by te22 on 26th of Apr 2024 at 07:47 am
While the current AMD stock price may be attractive technically, Intel's (INTC) recent earnings report signals potential headwinds. INTC reported weakness in the PC segment and softer-than-expected data center demand, excluding AI. Given the competitive landscape, it may be prudent to temper expectations for AMD's Q1 2024 results on April 30th. The PC market slowdown and muted non-AI data center demand could impact AMD's Client and Data Center segments. If you plan to take a position or add to an existing one, consider keeping some powder dry. This way, if AMD's earnings disappoint and the stock dips, you can add at more attractive levels. AMD valuation 29x next year EPS vs NVDA 28x at last night's after hours 8PM closing price. Considering NVDA AI exposure, it is arguably better positioned from end-market perspective for upcoming earnings than AMD. One other factor to note: April is one of the worst months seasonally for Semis, while May is a positive month (90%).