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Analysis: #NASDAQ: #AMD

Case 38 #AdvancedMicroDevices Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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AMD 1/6
The 18 year #trendline was finally broken in Sept. 2018 but trades far below the highs of 2000 (48.50) and 2006 (42.70). The #stock is very volatile and swings wildly - trading AMD is not for everyone and caution should be applied.

AMD 2/6
Chart 1
Monthly Chart: The break of the falling trendline (red) can be seen clearly - it was only cleared in the summer of 2019. Resistance at 38.48/62 is very tough to break and selling pressure will be seen there. ....

AMD 3/6
.... Much stronger #resistance appears at 42.98-43.16. The long term target area is seen at 50.80 - 51.50 but this will be reached in the first quarter of 2021.

AMD 4/6
Chart 2
Weekly Chart: Further selling pressure will actualize into the strong 44.50 - 47.60 area. Good buying interest can be seen at 29.50-27.60.

AMD 5/6
Chart 3
Daily Chart: The #Strategy - printed on the image. The short term recommendation is very risky and once entered into should be immediately watched closely - a defensive attitude should be applied here.

AMD 6/6
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