Intraday Technical Analysis Of Advanced Micro Devices Inc.
Image Source: Pixabay
Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.
Looking at AMD’s chart, we can see that it is in an uptrend reaching the current price of around $75.40. Tomorrow, it is announcing the quarterly earnings, and today, in the pre-market, it’s down to around $74, indicating that maybe the market’s anticipation is negative on the scheduled results. Its support level is located at around $71.50-72 which could be a good entry point for earnings trading.
(Click on image to enlarge)
More By This Author:
Daily Technical Analysis Of EURUSD - Friday, Jan. 27
Intraday Technical Analysis Of Intel Corporation
Daily Technical Analysis Of USDJPY - Thursday, Jan. 26
Disclaimer: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...
more
Comments
