🚀 Today's Big Ideas: AMD, Bitcoin, Mastercard
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TODAY'S BIG IDEAS
ADVANCED MICRO DEVICES poised to seasonally rally by +18.8% during the next 90 days.
BITCOIN signal targets 80k, sets up for +32.2% rally in 3 months.
MASTERCARD INC – A sets up for +8% rally in 3 months
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(1) Score 8.7 (out of 10): ADVANCED MICRO DEVICES poised to seasonally rally by +18.8% during the next 90 days.
What’s Going On Here?
ADVANCED MICRO DEVICES (AMD) will start supplying server processors to Meta Platforms (aka Facebook). AMD, in competition with Intel and Nvidia, showed off a graphics chip that can better handle artificial intelligence workloads. AMD currently has 10% market share.
Why Now?
ADVANCED MICRO DEVICES indicates an interesting 90 days seasonal set up. During similar occasions, ADVANCED MICRO DEVICES shares had a median return of +18.8% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ADVANCED MICRO DEVICES received a high score of 8.7 (out of 10). This insight was generated with last price of 152.45.
What’s This Company About?
ADVANCED MICRO DEVICES is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth -8.9% less (average). Ticker symbol: AMD US.
What’s My Risk / Reward and Time Horizon?
We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 181.11 (+18.8%) has been reached. Based on ADVANCED MICRO DEVICES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 138.25 (last price at 152.45), which is equivalent to a -9.3% decline.
(2) Score 7.0 (out of 10): Bitcoin signal targets 80k, sets up for +32.2% rally in 3 months
What’s Going On Here?
Bitcoin just went through one of its most significant upgrades since the introduction of Segregated Witness (Segwit) in 2017. The Taproot upgrade was successfully activated on November 15 and will bring greater transaction privacy and efficiency – therefore it will unlock the potential for smart contracts in the future.
Why Now?
Bitcoin has successfully tested a support level. During similar occasions, Bitcoin had a median return of +32.2%, over the following 3 months – based on 6 historical occasions with 4 of those showing positive returns (67%). This buy signal for Bitcoin received a high score of 7.0 (out of 10). This insight was generated on 2021-November-17 with last price of 59892.88.
What’s This Company About?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 79,172 (+32.2%) has been reached. Based on Bitcoin’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 52,823 (last price at 59,892), which is equivalent to a -11.8% decline.
(3) Score 8.3 (out of 10): MASTERCARD INC – A sets up for +8% rally in 3 months
What’s Going On Here?
Mastercard has teamed up with three Asian crypto companies to launch bitcoin payment cards, notably in Hong Kong, Thailand and Australia. The partnership intends to introduce cryptocurrency-linked credit, debit and prepaid cards for both individuals and businesses across Asia Pacific.
Why Now?
MASTERCARD INC – A has triggered a new high volatility signal (1 month). During similar occasions, MASTERCARD INC – A shares had a median return of +8%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for MASTERCARD INC – A received a high score of 8.3 (out of 10). This insight was generated on 2021-November-15 with last price of 361.36.
What’s This Company About?
MASTERCARD INC – A is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. ‘Wall Street’ analysts think the stock price will be worth 18.9% more (average). Ticker symbol: MA US.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 390.22 (+8%) has been reached. Based on MASTERCARD INC – A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 337.56 (last price at 361.36), which is equivalent to a -6.6% decline.
For more investment insights, please visit us at www.LongShortBets.com