AMD heading to ~14.6 in next two trading sessions to retest resistance level of primary trend line , then back down to test new support levels at ~12.9 and ~12.4 before uptrend resumes following the second more bullishtrendline and likely heading towards new top before upcoming earnings report.
I'm currently long after entry last week at 12.5
Trade geschlossen: Ziel wurde erreicht:
Take profits before it hits 14.5 today, reversal should begin tomorrow across tech sector but will hit AMD and NVDA especially hard.
Thank you for this analysis. It's looks quite good so far. It looks like that breakout might break the downward trend that started in February. You have 2nd Quarter earnings listed at July 20th. Is this a confirmed date? I couldn't find confirmation anywhere of when AMD would release their report.