AMD - Update before earnings

Republishing the last chart again - seems that the price indeed likes to bounce and stop from the identified trend ranges. Earnings come in 2 days and as in previous multiple ERs, being at the 4.5+ area the price went down. This year they provided that PC shipments went up this year, but how well this is going for AMD is yet to be disclosed. ER is as risky as it has been. One thing that can contribute to a blowout is that it repeated the same pattern for so many ERs, that i would assume people would short it now...and as soon as something becomes obvious, stocks start to do the opposite. Todays news were that AMD reached a 52week high at 4.8

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