AMD - quo vadis ? Reversal ahead or down to 94 - 74$ ?

Feb 1

AMD, some traders here call it Advanced Money Destroyer.
Certainly no stock to just buy and hold anymore.

I am confident that AMD will turn and deliver significant gains again, but the key will be to find that turning point.

Currently I can see three scenarios: turning here at 115$ trend line support after good earnings on Tuesday or down it goes to major fib supports at 94$ or 74$.

I am keeping an eye on the 30D EMA. Once that is crossed I'll start thinking about a long position.

Feb 5

Note

first it looked like price wanted to jump out of the channel and cross the 30D MA but ultimately was rejected and moved two fib levels lower:

Feb 14

Note

looks like the white trendline has become resistance, expecting more downside to 9X

Feb 28

Note

reached support of the blue channel and if this holds a bounce to 108 should be possible. The space inside the red channel is running out, so price needs to establish a new structure soon or break the blue main channel to the downside.

Note

Seems like price is still trading within the red channel, broke out of the blue for a day. 100$ is certainly a good buy point, but I am not buying as long as it is below the 30D SMA or at 90$ on the green trend support.