Breakout retest
Weaker than Expected Earnings
50 Week moving average looks strong and pointing upwards.
AMD has been overly hyped and is overextended, it is due for a pull back and lower guidance might help it find its pace again,
Could likely retest the breakout area the former ascending triangle . Before we see another price move up.
Long-term view: Bullish , looking to buy a possible retest of 32
Short-term: Short the wave down
50 Week moving average looks strong and pointing upwards.
AMD has been overly hyped and is overextended, it is due for a pull back and lower guidance might help it find its pace again,
Could likely retest the breakout area the former ascending triangle . Before we see another price move up.
Long-term view: Bullish , looking to buy a possible retest of 32
Short-term: Short the wave down
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Disclaimer
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.