AMD & INTC Analysis
This week we will be be looking at two of the Tech Micro-Chip giants Advanced Micro Devices Inc (AMD) and Intel Corporation (INTC) for our weekly stock swing trading forecast.
On Intel this week, price has been ranging and chopping around a lot and lot for the past several weeks. For this up and coming week, I’m seeing price push back up to supply at $37 as this would complete movement back up to the top of the range. This could also be a nice money bounce off the trendline drawn between January and April. This market has been very range bound and movements don’t really happen very fast so I’m thinking it will take a bit to really retest those previous high here over the next few days. To understand my true perspective check out this weeks video.
On AMD for this coming week, I’m looking at AMD being in a new downtrend as price has failed to break the highs several times. It now seems to be looking to retest the trendline around $13 to 13.50. This would also fill the gap that was put into place back in March. For me price as more potent to the downside then upwards. However it depends on how price respect this current supply zone at 13.76 down to 12.58. I would love to see a bounce of the trendline here. However, only time will tell. To check out the full perspective, watch the video here and don’t forget to subscribe to see more weekly forecasts.
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