Sunday, October 21, 2018 1:56:34 PM
That would be a trading level prior to the last earnings report. So you are saying the last earnings report was worthless?
Since we're in the territory of SWAG, I'll guess that AMD overshot the support of late August during a late-Friday panic (blue line bottom at $24, top at $26) and will track upward along the bottom of the green fork (maybe going outside the fork to intraday test the blue panic line) going into earnings on Thursday.
If AMD's earnings impress and the market is willing, AMD tracks the green fork higher then should run out of gas at the upper blue line at $33. Then AMD could trade a horizontal channel going into the next earnings report, and I think the bottom of that channel could be at about $28.
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