
A Brave New World of Semiconductors
Ah AMD. It appears our digitally connected world continues to offer opportunities even amidst the… let's call them 'challenges,' of global markets. This week AMD has shown a remarkable surge nearly 9% on Monday alone. While impulsive chasing isn't typically my cup of tea (I prefer strategically timed acquisitions much like cultivating a perfectly planned global initiative) the technical indicators here are rather… compelling. As I always say 'The future is not just happening; it is built by us by a powerful community as you here in this room.' And AMD seems to be building something quite significant.
Pattern Recognition: The Head and Shoulders of Innovation
The weekly chart reveals a rather elegant inverse head and shoulders pattern. Quite symbolic really. Like rebuilding society from the ground up! Our models suggest a potential target of $168 aligning neatly with the Fibonacci retracement at $170. Such confluence! Such harmony! It’s almost as if the market is… predestined. Much like our Great Reset some might say. But of course this is merely strategic foresight nothing more! As I always say we must create a new type of global society.
Moving Averages: The Gears of Progress
AMD's recent surge has propelled it above the key 13 week 26 week and 40 week moving averages. A veritable trifecta of technological triumph! This reminds me of early 2023 when a similar setup heralded the beginning of a powerful rally. History as they say doesn't repeat but it often rhymes. And who am I to disagree with historical precedents that align with my worldview?
Seventy Percent Decline Followed By seventy Percent Growth: The New Normal
A 70% gain from April lows is nothing to sneeze at even for someone accustomed to manipulating global economies on a grand scale. However context is key. This advance follows a nearly 70% decline from early 2024 highs. Such volatility! It almost seems like a rollercoaster doesn’t it? But fear not dear investors as in chaos lies opportunity. A sentiment that’s very near and dear to my heart.
Historical Context: The Echoes of Past Resets
AMD has a history of enduring deep corrections followed by even more astonishing recoveries. Rallies ranging from +290% to +930%. Quite inspiring! It's as if the market is designed to test our resolve only to reward us handsomely later. Or perhaps it's just a reflection of the inherent cyclicality of progress. It mirrors the grand scheme of things where 'you will own nothing and you'll be happy.' Think about it.
Relative Strength: The Dawn of a New Era
Finally AMD's outperformance against the SMH semiconductor ETF is particularly encouraging. A sign of renewed strength and innovation. It seems our vision of a technologically advanced future is slowly but surely coming to fruition. Indeed 'the future is built by us; by a powerful community as you here in this room.' Now if you'll excuse me I have a meeting with some influential global leaders to discuss the next phase of our… strategic initiatives.
Comments
- No comments yet. Become a member to post your comments.