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$Advanced Micro Devices(AMD)$ – Is The Bottom FINALLY In?
Since the beginning of March, AMD has been consolidating above 95, with the dip under 100 looking like a classic bear trap to shake out weak hands and attract shorts. Now trading near 114, the demand zone has held strong, signaling that the bottom may be in.
A break above 124 would be the confirmation bulls need, opening the door for a steady grind back to 150-164. Beyond that, clearing 164 can set us up for a 200 test again.
$VanEck Semiconductor ETF(SMH)$ is also approaching 240, reinforcing the idea that the semiconductor sector as a whole has likely found a floor. Watching $SMH alongside $AMD will be key in gauging relative strength and sector momentum.
Fundamentally, AMD continues to execute well, with growth in AI, data centers, and gaming fueling strong long-term prospects. The upcoming earnings report and macroeconomic conditions will be crucial catalysts—if demand remains strong and margins improve, we could see significant upside.
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Trade plan for Tuesday 🔥
$S&P 500(.SPX)$ big breakout today above 5700. SPX to 5800 in play by Wednesday.
SPX 5800C can work above 5767
$Tesla Motors(TSLA)$ setting up for a move to 290,300 next. TSLA to 320-330 in April.
TSLA 285C is best above 276
$Strategy(MSTR)$ setting up for a run to 351+. IF MSTR can breakout above 337 tomorrow we can see 351. #bitcoin needs to get through 90k in order for MSTR to move higher
MSTR 350C best above 337
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