*Not financial advice, just an idea*
$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.
$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.
Comentário:
Stop-loss hit, will wait for markets to consolidate.