*Update *$200 before earnings? or a retest of $120?
AMD Looks to have started the cycle of selling off for a short time. Over the last 21 trading days we have seen the breakdown from all time highs to test the $130 support range. I also wrote in a more previous chart last week that the range would be down to $135-$133 IF WE GET REJECTED I wrote that.. If that doesn’t hold we fail back to $122. I have shown a ostensible weak point which could be a point we see when there is potential for a squeeze in either direction.
Current Situation:
1) We are at infliction. If we break down from here we break down hard .
2) We bounce here with good news of Xilinix Merger deal.
I am overall bullish on AMD stock as a whole and can swing both sides depending on the outcome topside is all time high $164.46. Bottom side $130
Current Situation:
1) We are at infliction. If we break down from here we break down hard .
2) We bounce here with good news of Xilinix Merger deal.
I am overall bullish on AMD stock as a whole and can swing both sides depending on the outcome topside is all time high $164.46. Bottom side $130
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.