AMD has been trading around 4.04 for a year now, seems like 4 is the middle of both buyers and sellers. Even reporting good quarters it did not manage to go above 4.5. Good news is Lows are higher and higher, and the trend channel is going up. Traders cannot avoid the fact that the business is going somewhat up. And it is harder to manipulate the stock price (possible supposition between free analysts that money managers manipulate it after earnings). While previously 3 times it went down after earnings, this time it held its ground and stayed above 3.8. Once can see smaller and larger upwards oriented trading channels.
Today it is trading at a narrowing triangle and can breakout in any direction. Technical indicators are all in the middle of the range, RSI, Stoch, MACD is narrowing, and Relative momentum is in the middle. It can be a move in any direction. So what is the prediction then? The channels are up, so even if the stock goes down, it will most probably stop at a higher low, and then turn to make a possible higher high. Should there be no major bad news, AMD was poised to go up a year now - some say it is cursed and suppressed, but at some point traders will decide it is time to head higher. at least 4.50 seems well in reach, though volume is low at the moment
Today it is trading at a narrowing triangle and can breakout in any direction. Technical indicators are all in the middle of the range, RSI, Stoch, MACD is narrowing, and Relative momentum is in the middle. It can be a move in any direction. So what is the prediction then? The channels are up, so even if the stock goes down, it will most probably stop at a higher low, and then turn to make a possible higher high. Should there be no major bad news, AMD was poised to go up a year now - some say it is cursed and suppressed, but at some point traders will decide it is time to head higher. at least 4.50 seems well in reach, though volume is low at the moment
