After a few very weak months the stock has turned bullish at the end of the last year. Since then the stock is in a growing trend and it seems it will continue in the future, and despite of a weak earnings AMD still was able to grow. Now it's near earlier levels what the stock couldn't break through (the current level around 23.7$ and the next one is at around 25$). But if it can break these levels this time, it may go to up to 27 where is the next obstacle for the stock. If it can break through 24$ in the next days, it can be a good opportunity for a long.
Comment:
It seems AND could pass through the first critical level at 23.7$ and it is getting closer to the next one at $25. If it'll able to pass through, there will be a very very good chance to further rise.
Comment:
On 25 Feb. NASDAQ:AMD reached the level 25$ but it seems a very strong obstacle for the stock since it's been in a falling since then. But as you can see the current level at 23.5$ has been proved reliable support the stock in the last weeks, so it may go up from here again. We'll see.