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Tuesday, 4 September 2018

AMD Advanced Micro Devices (NASDAQ: AMD): 4 September 2018, Tuesday, 10.38pm Singapore Time

AMD Advanced Micro Devices (NASDAQ: AMD): 
4 September 2018, Tuesday, 10.38pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the technicals for AMD Advanced Micro Devices (NASDAQ: AMD). This is the kind of stock that will continue to do well without the protection of trade war and have icing on the cake with the protection of a trade war (protection of chips' IPs). Couple with AMD chips' breakthroughs and AMD's quest and progress to build chips that can beat Intel, this company is a winner. It has a high SCTR scoring and ranking within the industry since May 2018. On the back of this SCTR high scoring, it therefore rose from $10 to $26 in a shoort span of 4 months. Volume flow, as illustrated, is also bullish where smart money bulls are in firm control. AMD continues to be a trading buy/long at current price ($26.44), and will continue to go up indefinitely in the whole of 2019. 

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