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AMD

Market Opportunities - 06/04/2021

06 April, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

AMD weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Advanced Micro Devices, Inc. is a semiconductor company that operates worldwide in two segments - computing and graphics;
  • EVENT: Financial results for the first quarters of 2021 will be released on April 28 (tentatively). In the last reporting period, AMD reported $0.52 of EPS, which overcame forecasts that stood at $0.47. Financial results were also better than expected in the first two quarters of 2020;
  • Chips are crucial in computers, where use has exploded as more people work from home. The Biden administration plans to invest in the domestic chip manufacturing industry. There are fears that the U.S. is becoming too reliant on foreign suppliers and countries that have made significant investments into chip industry. In late February, President Biden already signed an executive order to help the US create a “more resilient and secure supply chain" in the chip making industry. This initiative could further increase demand for AMD products;
  • AMD competes with Intel in making central processing units (CPUs), while NVidia is a major competitor in the market of graphic cards. AMD’s new Ryzen processors, launched in 2017, were branded by the company as “the world’s best laptop processors” and “the world’s fastest gaming processors”. AMD has been steadily increasing its market share since then. In the first quarter of 2021, AMD’s Ryzen topped 50% of all desktop processors (CPU) sales.
  • The rise in global popularity of cryptocurrency mining contributed to a significant rise in graphic cards sales in Q4 2020, also benefiting sales of AMD products.

AMD, April 6, 2021
Current Price: 81

AMD

Weekly

Trend direction

UP

Resistance 3

91

Resistance 2

89

Resistance 1

87

Support 1

75

Support 2

73

Support 3

71

Example of calculation based on weekly trend direction for 1.00 Lot*

AMD

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

10,000

8,000

6,000

-6,000

-8,000

-10,000

Profit or loss in €**

8,453

6,762

5,072

-5,072

-6,762

-8,453

Profit or loss in £**

7,221

5,777

4,332

-4,332

-5,777

-7,221

Profit or loss in C$**

12,562

10,050

7,537

-7,537

-10,050

-12,562

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 01:45 PM (GMT+1) 6/4/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.