Comments include: AMD & GCT.
| AMD Advanced Micro Devices, Inc. ($630.59) - Semiconductors - Shares of AMD set all-time highs on Friday, breaking a double top at $632 for its third consecutive buy signal. The 5 for 5'er continues to burn bright, with it remaining an extremely high relative strength name. That said, it is moving into heavily overbought territory, so investors should wait for pullback or consolidation before looking to add. Initial support lies at $600. |
| GCT GigaCloud Technology, Inc. Class A ($54.18) - Retailing - GCT broke a double top at $55 for a second buy signal and to bring the stock within one box of its all-time chart high. The stock has been a 4 for 5'er since July this year and currently ranks within the top quintile of the Retailing sector matrix. Okay to consider here on the breakout. Initial support lies at $50, while additional can be found at $47 and $44, the bullish support line. |
