AMD has been battered and bruised in the past few weeks as the semis led the downtrend. Earnings are this week. A close above the 8EMA (red line on chart) may suggest a trend reversal for the overall market. Until the semis start leading again, expect more sideways to down action. Given the history of AMD's reports, we expect a beat. Guidance will be key given the supply chain constraints emphasized by several tech companies during their conference calls. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.