We all know AMD is crap shoot into earnings. The short term trend as of know imo is bullish, but there is still quite a bit of downside to make a move. Bulls don't feel new releases are priced in and have the momentum to break the 14.40ish ceiling. Reality is even if earnings meets, no guarantee of a repeat of last time. Ill update as it moves closer to earnings.
I am currently not holding any AMD but looking for solid re-entry. I believe we need to back test 12.98-13.03 to break 14.40. I see consolidation fast approaching but it is hard to say which way this is going to run.
I am currently not holding any AMD but looking for solid re-entry. I believe we need to back test 12.98-13.03 to break 14.40. I see consolidation fast approaching but it is hard to say which way this is going to run.