AMD - quo vadis ? Reversal ahead or down to 94 - 74$ ?
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$.
I am keeping an eye on the 30D EMA. Once that is crossed I'll start thinking about a long position.
Certainly no stock to just buy and hold anymore.
I am confident that AMD will turn and deliver significant gains again, but the key will be to find that turning point.
Currently I can see three scenarios: turning here at 115$ 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.
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