AMD (Advanced Micro Devices) - Bearish Weekly Price Downtrend
AMD (Advanced Micro Devices) stock price has been in a weekly downtrend, and is currently seeking a lower-low in the price.
If quarterly financial earnings and news this year are not satisfactory, AMD stock price could test support levels to the downside.
Bearish Price Targets: $85, $75, $65.
Head-and-shoulders chart pattern confirmed, loss of $100 price support level, breakdown of parabolic support curve -- all are bearish technical chart events.
All content is Not financial advice. Trade at your own risk.
If quarterly financial earnings and news this year are not satisfactory, AMD stock price could test support levels to the downside.
Bearish Price Targets: $85, $75, $65.
Head-and-shoulders chart pattern confirmed, loss of $100 price support level, breakdown of parabolic support curve -- all are bearish technical chart events.
All content is Not financial advice. Trade at your own risk.
Note
Note: in the shorter-term time frames, price could bounce back up to re-test resistances above at $95, $100, $105.Note
04/27/2022: $85 Bearish Target reached.
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Disclaimer
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.