AMD Dip Opportunity

Entering into this stock at the high to mid 80s would be a great entry for a swing position. With the overall market trends moving away from the previously bullish movement, AMD would be likely to drop to these levels. Wave theory, as well as the growing demand for semiconductors, makes it seem plausible that a minimum future target for AMD would be around $105 by the end of summer. As always remember to manage risk and alter CL depending on the time frame you are trading.