beyond technicals, the crypto space looks to be finding its footing again and we are seeing serious signs of a recovery. AMD caters to this market so a return to bullish momentum in this space generally means an increase in microchips, thus a positive speculative play on AMD. Additionally, markets seem to be making a turnaround so this should be positive for AMD.
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Nice clean entry, plus a gap off the positive earnings data.
Its going to go up but i don't think it will go under 10. Its currently on the 180 day (1 hour set) SMA.
pato
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@RobertoChupin, well spotted. Lets see what todays does. Please post an image as well if you can next time so I can quickly see it upon viewing your comment.
Volatility888
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Actually, the technicals look good too if zoom the chart out more - there's a multi-year giant bull flag. Bullish.
pato
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@Volatility888, I agree. Taking a longer term view shows serious buy-side potential.