Bullish Forecast for Earnings Run
I’m forecasting AMD to hit and exceed $93.3 before Nov. 3rd earnings call.
1D Chart
AMD continued on its uptrend that began on Sept. 25th. and broke out of its bottom channel that began on Sept. 3rd.
5 min. Chart
Current support $83.2. Current resistance at $85.19. It appears that AMD is currently in a rounding bottom and am expecting a breakout this week or early next week. Rounding bottom confirmed on 1hr and 3min chart. Near the breakout, look for a bullish increase in volume. However, we could see a classic cup and handle form within the next two weeks (don't be afraid if we dip between $84-$82.
1D Chart
AMD continued on its uptrend that began on Sept. 25th. and broke out of its bottom channel that began on Sept. 3rd.
5 min. Chart
Current support $83.2. Current resistance at $85.19. It appears that AMD is currently in a rounding bottom and am expecting a breakout this week or early next week. Rounding bottom confirmed on 1hr and 3min chart. Near the breakout, look for a bullish increase in volume. However, we could see a classic cup and handle form within the next two weeks (don't be afraid if we dip between $84-$82.