Bullish Forecast for Earnings Run
I’m forecasting AMD to hit and exceed $93.3 before Nov. 3rd earnings call.
1D Chart
AMD continued on its uptrend that began on Sept. 25th. and broke out of its bottom channel that began on Sept. 3rd.
5 min. Chart
Current support $83.2. Current resistance at $85.19. It appears that AMD is currently in a rounding bottom and am expecting a breakout this week or early next week. Rounding bottom confirmed on 1hr and 3min chart. Near the breakout, look for a bullish increase in volume. However, we could see a classic cup and handle form within the next two weeks (don't be afraid if we dip between $84-$82.
1D Chart
AMD continued on its uptrend that began on Sept. 25th. and broke out of its bottom channel that began on Sept. 3rd.
5 min. Chart
Current support $83.2. Current resistance at $85.19. It appears that AMD is currently in a rounding bottom and am expecting a breakout this week or early next week. Rounding bottom confirmed on 1hr and 3min chart. Near the breakout, look for a bullish increase in volume. However, we could see a classic cup and handle form within the next two weeks (don't be afraid if we dip between $84-$82.
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.