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REPORTS FROM THE TRENCHES
Hubert Senters here.
Let’s take a look at two stocks in the same industry. AMD is the symbol. Advanced Micro Devices. As you can see it’s got a fresh buy signal. It’s been one, two, three, four days above the cloud. Don’t count that because it’s in the cloud. So you’ve got four days above the cloud which is a good buy signal for AMD. Probably going to go in the area around $14.21.
Let’s compare that to NVDA, Nvidia symbol right here. Nvidia looks more technically strong. It’s all in a massive uptrend and it held the bottom of the cloud and it’s Gruzman Howard’s got more days above the cloud.
Its initial targets are currently are $260 and then $291 and then $3 or $9 so more competitive. I’d rather be long Nvidia as opposed to long AMD.
Good luck. Hope it helps and I’ll see you on the next video.