Breakout coming

24 พ.ค. 2021

We can see a clear trend downward, which forms a a descending triangle. I expect the price to breakout past this trend line any time soon. However, it is concerning to not that AMD only moved .3 % on a day when QQQ is up 1.7% as of the time of writing. AMD has a lot of catching up to do in terms of performance, although the fundamentals do support higher prices. Just last quarter is grew at 50%, however the price is much lower then last quarters earnings.