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therancher
Jul 17, 2017 8:52 PM

Still Has Some Moves to Make Before SHowing Its True Colors 

Advanced Micro Devices, Inc.NASDAQ

Description

We all know AMD is crap shoot into earnings. The short term trend as of know imo is bullish, but there is still quite a bit of downside to make a move. Bulls don't feel new releases are priced in and have the momentum to break the 14.40ish ceiling. Reality is even if earnings meets, no guarantee of a repeat of last time. Ill update as it moves closer to earnings.

I am currently not holding any AMD but looking for solid re-entry. I believe we need to back test 12.98-13.03 to break 14.40. I see consolidation fast approaching but it is hard to say which way this is going to run.
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