Despite AMD's slide in a descending channel, a potential "inverse head and shoulders" pattern is emerging (see those shoulders & head?). This bullish signal suggests a possible trend reversal if it can break through that resistance near $116 (the "neckline"). Channel breakouts + patterns? Intriguing! Is this AMD setting up for a rebound, or just a tease before another dip? What's your take?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.