AMD heading to ~14.6 in next two trading sessions to retest resistance level of primary trend line, then back down to test new support levels at ~12.9 and ~12.4 before uptrend resumes following the second more bullish trendline and likely heading towards new top before upcoming earnings report. I'm currently long after entry last week at 12.5
Trade closed: target reached
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Take profits before it hits 14.5 today, reversal should begin tomorrow across tech sector but will hit AMD and NVDA especially hard.
check out that 13.89 point, spot on! today anyway lol
kimms
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Thank you for this analysis. It's looks quite good so far. It looks like that breakout might break the downward trend that started in February. You have 2nd Quarter earnings listed at July 20th. Is this a confirmed date? I couldn't find confirmation anywhere of when AMD would release their report.
KalMoam
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@kimms, Beginning last quarter they've pushed back their earnings releases by two weeks. They have yet to announced a date yet but I expect it to happen on the 1st of August.
cbrodbent
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@EmmaLong, confirmed earnings date of July 25th, after market close.