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Advanced Micro Devices ($AMD) : Consolidation with a doji

 

This is a follow up to my previous AMD post .

AMD continues to show consolidation at current price range.

In fact, after my June 24 post, a doji is sighted on AMD’s chart.

With the price consolidation, we can also see that AMD price level is now just next to the Tenkan sen.

Support is around 6.88 with resistance at 7.22.

Resistance is strong with the thick leading kumo from 7.44 to 8.00 range.

Short term catalyst includes possible announcement of a new CEO.