Verified Investing on $AMD (Nov 2, 2026)

Next up, guys, AMD, as I've said, reports earnings tomorrow, but man, look at the last two trading days and what's transpired. Uh first let me show you this inclining trend line dated back here from March of this year.

Now we were comfortably above that trend line and then in two trading days we not only gapped down and closed under this inclining trend line then we confirmed a breakdown from this inclining trend line with the close today and then on top of that we closed under this breakout trend line.

So goodness gracious AMD is being roasted right now with the amount of velocity going towards the downside. And heck, we were at 578 just a couple trading days ago. Now we're closed at 466.

Thank goodness it's popping up about three bucks after hours. But this is some heavy selling pressure.

Now again, earnings are coming out tomorrow. Should this selling continue, you can see cleanly, I've got the 50% fib retrace right here at $42,569. Just above that, there's a gap fill right around 430.

And the most aggressive of traders, there's a gap fill up here at 456. But if that wants to be your accumulation zone, you can see here on the RSI, we're down here near 30. Not quite at 30.

We're at 34.61, but you can guarantee if we're touching this 50% area, the parallel within the next two trading days, we're going to be beyond 30 and likely due for a key technical bounce.

It's just where do we close tomorrow? If that secures a breakdown from this declining trend line, this trend line will then be resistance once and if AMD then starts returning up the charts.

We'll be sure to monitor that and also guide you step by step if we have some progress with volatility on AMD.