AMD turnaround on Gaming consoles?
I will open a position in AMD monday.
Last earnings beat expectations and AMD is delivering chips for Wii U, Sony PS4 and Microsoft X-box which could give it a new opportunity.
I believe it is in an ascending triangle and will very soon break through resistance at 2.92.
If the trendline doesn't hold it might just need an extra attempt to break through the resistance, but if I see significant weakness I will close the position.
Last earnings beat expectations and AMD is delivering chips for Wii U, Sony PS4 and Microsoft X-box which could give it a new opportunity.
I believe it is in an ascending triangle and will very soon break through resistance at 2.92.
If the trendline doesn't hold it might just need an extra attempt to break through the resistance, but if I see significant weakness I will close the position.