Depending on the markets reaction to AMD's earnings after the close today, we could see AMD show confirmation of a breakout from this downwards channel. Relative strength sitting at resistance levels in respect to historical "tops", looking to see if a breakout in relative strength can also provide confirmation after ER. Directional movement also positive.
Negative ER reaction I believe would continue AMD back within its downward channel to look for support near $87
Negative ER reaction I believe would continue AMD back within its downward channel to look for support near $87