previous trend line represent now support at $71+ (blue line)
at the moment, there is the yellow line at $74 as flat support, and then trend that AMD broke up some time ago.
the $35B acquisition represents 1/3 of AMD market cap ($105B), and because of that, the market is now scared of it. I'm still in, waiting for a bounce on $74 or $72/71, and since the years over years (YoY) net income has more than doubled (+225%) I expect the price to not lose too much before going up again, so I'm just waiting to avoid losing the price up momentum.
at the moment, there is the yellow line at $74 as flat support, and then trend that AMD broke up some time ago.
the $35B acquisition represents 1/3 of AMD market cap ($105B), and because of that, the market is now scared of it. I'm still in, waiting for a bounce on $74 or $72/71, and since the years over years (YoY) net income has more than doubled (+225%) I expect the price to not lose too much before going up again, so I'm just waiting to avoid losing the price up momentum.