AMD’s stock is under analysis as it approaches NVIDIA’s earnings report. Two potential movements are noted: support may form around $109-$110 for a breakout push, or it could drop to $106-$103 before recovery.
A structured buying plan has been implemented, with two of three buy orders already executed. The first buy zone is at $111.08 for 20 shares, followed by a second at $106.87 for 40 shares, and a pending third at $101.38 for 60 shares.
The calculated Weighted Average Entry Price (WAP) for full execution is $104.13, with a stop-loss set at $95.80. Key support and resistance levels should be monitored for future price direction. Patience is advised for those considering further investment.
The price action ahead is drawing attention. With the stock approaching a threshold where it could either find footing or slip further before regaining ground, traders attentive to these scenarios are preparing accordingly. The outlined approach is structured around measured entries, reducing exposure to abrupt fluctuations.
The first two purchase orders have already been fulfilled, one at $111.08 and another at $106.87, acquiring 20 and 40 shares, respectively. A third remains open at $101.38 for 60 shares, ready to complete the plan if the stock experiences additional weakness. This method ensures entries are not overly dependent on a single price point, distributing risk more effectively.
A complete fill of the orders would set the Weighted Average Entry Price at $104.13, offering a calculated cost basis for the position. If downward movement extends beyond expectations, protection is in place, with the stop-loss defined at $95.80. Observing how price behaves around support near $109-$110, and whether deeper levels near $106-$103 are briefly visited, will provide insight into potential trading opportunities.
Patience is necessary. Market responses to upcoming announcements could influence whether further investment is warranted. Careful attention should be paid to how price interacts with key zones already identified. Staying flexible while adhering to the existing framework remains the priority.
