$AMD Technical Analysis

26 nov 2021

AMD Technical and notes

NOTES:
- The stock has had tremendous uptrend in past year.
- We are seeing record high numbers.
- Earnings are strong for the company.

TAKEAWAY:
- As charted, the uptrend is continuing but there seems to be a squeeze as it reaches the Resistance line.
- WATCH the resistance line price.
- Stock should continue to Resistance line and that is where we see what happens.
-- IF stock does NOT break resistance line, it will come down to $144 levels
-- IF stock DOES break the resistance line, it will become new support and we will see more uptrend.

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