From TradingView · · 50s
AMD Bounced 11% From OTE, Bearish OB Ahead
AMD price bounced 11% from OTE but faces bearish OB before November 3 earnings.
In brief
AMD price bounced 11% from OTE but faces bearish OB before November 3 earnings. AMD price bounced 11% from OTE but faces bearish OB before November 3 earnings. Originally reported by TradingView.
AMD Price Movement
AMD price fell 24% from 658.6 high to 502.5 low then bounced 11% to 558.8.
Current Price Structure
Price now tests bearish OB at 561-568.5 after rebounding from OTE zone.
Earnings Timeline
AMD reports earnings on November 3 after market close.
Bullish Structure
Strong low at 440.6 and weak high at 658.6 confirm bullish swing structure.
Two Trading Paths
Option 1: Rejection at 561-568.5 to 549.6 or deeper OB; Option 2: Acceptance with close above 568.5.
Key Risks
Execution delays, valuation concerns, and potential gaps threaten AMD's price.
The bottom line
AMD price bounced 11% from OTE but faces bearish OB before November 3 earnings.
