AMD | Will The 72.8 Support Area Push The Price Up Again?

AMD | Will The 72.8 Support Area Push The Price Up Again?

Since November 21 price is moving in a clear bearish movement.

During this period of time AMD has lost approximately -54% of its value.

Actually, the price is testing a very strong and old support area located on
the left side of the chart.

Price it is also creating a falling wedge pattern.
Considering that price is testing the support line of the wedge pattern it can begin
the correction and to increase value close to $72.8

On July 26, 2022, AMD will release the Earnings so the market can anticipate the good data
before it will be released. However, we should be careful considering the strong bearish trend
and the actual economic conditions that are showing not to be good at all.

Thank you and Good Luck!