AMD Long Above 79.92

AMD has been trading Flat since couple of weeks now.

- Major consolidation is happening for current level 78-79 on 4 hour chart
- Holding close 100 SMA crossover and below 200 SMA
- Upgrade on NVDA can have sympathy Buying pressure.

Note: Analysis does not hold if price falls below 75.44

Long Target Price: $87.74 over 3 weeks
Stop Loss: $75.25