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