AMD now sits at a key pivot point. ~$94.26 resistance has been tested 4 times previously, failing each time to create a new major support level.
However, earnings are to be announced after the market closes today. With AMD having favor amongst analysts, a strong earnings report is expected. This means resistance 1 is likely to flip and become support and a test of the ~$97.92 resistance level will begin.
تعليق
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Stop-loss hit, will wait for markets to consolidate.