xenxes
Long

Potential AMD Wave into Earnings

NASDAQ:AMD   Advanced Micro Devices Inc
AMD
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amd
Tests resistance line following tech correction and over FE release conjectures of RX performance, Elliot wave into earnings with sell off prior, earnings surprise and upward guidance, followed by SIGGRAPH catalyst on GPU line, leading to a retest of 52 week highs as additional datacenters begin to adopt EPYC (one possible scenario).

*Off by a couple days since I drew the downtrend into 7/4.
Trade active: Calling re-entry at around 11.50, optimistically would like to get lower, but not willing to risky pennies for dollars.
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