Advanced Micro Devices (AMD)

Technical Analysis on Advanced Micro Devices (AMD)

Tuesday, January 24th, 2023

In this Wicked Stocks video analysis, we show Advanced Micro Devices (AMD) presently testing an important channel top. If (AMD) has a weekly settlement above this resistance, this would indicate a buy-signal where gains of ~15-20% would be expected within 1-2 months. Inversely, if (AMD) fails to close above this channel-top, then the market is susceptible to falling back to recent lows where losses of ~20-25% would be anticipated over the following 2-3 months.

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