Advanced Micro Devices, Inc. AMD

As mentioned in my previous post, 2nd candle of morning star pattern in place. Get ready for 81 tomorrow

Why am I expecting a reversal tomorrow:

1. NASDAQ at 50DMA
2. $XLNX to report earnings AH today
3. AMD refusing to go down with falling markets as it was already beaten down after earnings
4. Taking support at HOURLY trendline
5. HOURLY RSI below 20

I can spot a support on the hourly chart and this is possibly making the second candle of the morning star pattern. Confirmation will come if today’s volume are greater than yesterday’s (58M). I would expect a close above 77.50

We can expect AMD to kiss 80 tomorrow with rising volumes. This will confirm the end of the downtrend and we can expect it to trend higher from there.

Placing my SL at 76.90

$AMD wants to fly now ?

Looks like AMD is done selling off

China again enters air space of Taiwan where TSM is based!

Lisa su is doing all the selling to bag holders

Dogshit amd that’s right time to goto 60$

Oversold in the pastv5 days

Xlnx earnings tomorrow!