Yesterday we caught Advanced Micro Devices (AMD) in a tight spot between two support lines that registered in the morning and two resistance lines that registered on February 10th.
AMD met the descending resistance lines today again at the end of the trading session, and like yesterday, it could not trade above them:
Zooming in:
Following Nvidia’s after-hours earnings report, AMD is currently trading down at $116.20. It will be interesting to see the direction the stock is going to go tomorrow.