AMD, on the brink of collapse but still holding critical daily support zones despite a rapid decline, is a buying opportunity before earnings while support holds and remains a long-term favorite; the stance changes if the zone breaks on high volume, especially with two closes below.

AMD is one of the semiconductor companies that is still maintaining this critical area at present, and it is now standing on the brink of collapse. The way I approach it is that I look for buyers to enter at that critical level.

So far, it can still be considered a buying opportunity before earnings because it maintains that area. However, I will change my position if that zone is broken with high trading volume, especially if we close two trading days below that zone.

I believe that AMD, despite experiencing a rapid decline, is still maintaining those support zones on the daily chart. And of course, I still love it as a long-term investment.

Therefore, I am watching this stock as a buying opportunity given the fact that it is still holding that support zone.