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