AMD is in a long-term, nearly parallel upward channel. More locally, I see a bull flag (red). My expectation would be that we revisit the upper channel before then moving to retest the lower channel. Perhaps they will have a promising earnings release as an impetus before this then rolls over with the others. And if that lower channel becomes support, perhaps this one has a hopeful future.
Comment:
That said, if we focus our attention on the price action after 2018, it can also be interpreted as a broadening formation as well. And so perhaps this one is doomed as well.
