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flxtcha
Jan 26, 2021 1:24 PM

The clouds are aligning for $AMD  Long

Advanced Micro Devices, Inc.NASDAQ

Description

*Not financial advice, just an idea*

AMD now sits at a key pivot point.
~$94.26 resistance has been tested 4 times previously, failing each time to create a new major support level.

However, earnings are to be announced after the market closes today. With AMD having favor amongst analysts, a strong earnings report is expected.
This means resistance 1 is likely to flip and become support and a test of the ~$97.92 resistance level will begin.

Comment

Stop-loss hit, will wait for markets to consolidate.
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