AMD is expected to report earnings of $0.57 on revenue of $5.32bn.

Advanced Micro Devices (AMD) – its stock is currently trading at around $114.09 a share. From a technical aspect, we can see it has formed a minor symmetrical triangle on the daily interval. The two support levels to keep in mind sit at $108.56 (along the lower trendline) and $105.74 (the point at where the lower trendline begins). A dip below this point could see a move lower towards $102-$103 a share. On the other hand, as we have seen positive earnings from some of the tech giants, we may see a similar outcome here. Therefore, looking at the upside potential, we face resistance at $115,38 and then at $117.09 (along the dotted trendline). A break and close above this level could see the price surge higher towards $122.11, a level created on the 14^th of July. This was a failed attempt of a new bullish trend, which may be re-tested in the upcoming days. However, much dependent on the earnings outcome. Technical indicators suggest an almost neutral view, with the MACD flat and the RSI reading 51.