AMD - quo vadis ? Reversal ahead or down to 94 - 74$ ?

2月1日

AMD, some traders here call it Advanced Money Destroyer.
Certainly no stock to just buy and hold anymore.

I am confident that AMD will turn and deliver significant gains again, but the key will be to find that turning point.

Currently I can see three scenarios: turning here at 115$ trend line support after good earnings on Tuesday or down it goes to major fib supports at 94$ or 74$.

I am keeping an eye on the 30D EMA. Once that is crossed I'll start thinking about a long position.

2月5日

註釋

first it looked like price wanted to jump out of the channel and cross the 30D MA but ultimately was rejected and moved two fib levels lower:

2月14日

註釋

looks like the white trendline has become resistance, expecting more downside to 9X

2月28日

註釋

reached support of the blue channel and if this holds a bounce to 108 should be possible. The space inside the red channel is running out, so price needs to establish a new structure soon or break the blue main channel to the downside.

前天

註釋

Seems like price is still trading within the red channel, broke out of the blue for a day. 100$ is certainly a good buy point, but I am not buying as long as it is below the 30D SMA or at 90$ on the green trend support.