Earnings Strength before Slight Pullback

Hello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by AMD going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards.

Position: Shares (added between 2018-2020); holding long-term.


Please let me know your thoughts and feedback and happy trading!

Комментарий:

Definitely still bullish here, looks like we are forming a nice wedge as of late. I think the breakout (or not) could have major dependence on Nvidia's earning 2/21.

Комментарий:

Well longer than expected, but top target and potential short-term bottom seem right in-line with expectations. This could be a good spot to lightly add.

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I think we've bottomed-out short-term here, and will have nice upward momentum especially with NVDA earnings strength this afternoon. Still holding strong here.