Technician

AMD(Request): Approaching A key Resistance

BATS:AMD   ADVANCED MICRO DEVICES INC
337 2 4
Price in a short term bullish breakout mode, retested 4.25 resistance recently, on a break above it I expect a move to 4.45-4.50 resistance. I would be cautious near this area, as for the short term bullish trend to transform into a longer a more sustained one with a significantly higher upside targets this resistance should be decisively taken(at least few days of trading above it). On a break above 4.5 I will be targeting 6.00 and 8.30.
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We might beakout a bit higher than 4.50. I'd look at it as more of a resistance zone rather than 4.50 exact price. 4.65 to 4.48 is my zone. I have serious doubts regarding AMD's 4th quarter making or breaking analyst estimates. One more week and we shall see AMD's fate.
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Technician TOP QuantitativeExhaustion
3 years ago
Thanks JR , U r right, it is better to make it a zone , you notified me of a swing high that i missed,
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