We entered AMD in 2020 a couple of months after the COVID low. AMD is one of our big winners and is having a rest at the moment it seems and this could go on a while.
The green arrows on the chart represent the entry and compounds. As you can see, the latest compound has once again moved back into slight profit. The red arrows represent partial profit-taking.
We will look to add further to the trade as opportunities arise and we do think this stock has further to go but for now, a breakout is needed. Until the breakout, price is forming a nice base in preparation.
Let’s go trade!