AMD reported it's best ER and while many anticipated it would have a solid run upward it was overshadowed by a manufacturing issues in a time where demand has never been higher. along with this we have been chopping downward in a weak market as fears, inflation, rates, and economy shifts continue to keep investors on their toes.
AMD below 80 is a level I personally didn't think I'd see again...but since we are here it's definitely worth mentioning that at it's current prize zone presents a great opportunity to add shares/or go long with LEAPs. It is important to consider however that no matter how strong the support it's on is, overall shaky market conditions can present the opportunity for lower prices. AMD is in a downtrend currently and confirmation of a reversal should be what we are looking for here before jumping in. currently it is touching the 200 EMA on the daily chart as well as on a trendline which started in March 2020. Market doesn't tend to move up at the magnitude in which it moves down...with that in mind I am personally looking for a consolidation or bounce around the green zone labeled.
What do you think about AMD? Bullish, bearish, or neutral?