Chart says it all, AMD just released impressive earnings + news on M&A (usually perceived badly). If AMD can breakthrough the descending triangle + past the resistance I believe a breakout is possible. However, if AMD falls below the red support + breaks the orange primary trend line then I firmly believe we will see a head and shoulders formation.
Notes:
I am neutral on this, M&A historically unfavourable for acquirer, however the semi-conductor industry is quite hot atm. I will further update this chart in the coming weeks.
Notes:
I am neutral on this, M&A historically unfavourable for acquirer, however the semi-conductor industry is quite hot atm. I will further update this chart in the coming weeks.
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.