AMD is in a downward channel since Jan this year. Partly because of the Semiconductor issue.
The current support level is an important level(75-77) for AMD. It has already tested this level twice.
We would have to wait for the price to show us the direction.
If we cross 78.5, we could take a long position with the first target around 83.5 levels.
If it penetrates the support levels of 75, we could take a short position with a mid term target of 60.
The current support level is an important level(75-77) for AMD. It has already tested this level twice.
We would have to wait for the price to show us the direction.
If we cross 78.5, we could take a long position with the first target around 83.5 levels.
If it penetrates the support levels of 75, we could take a short position with a mid term target of 60.