*Update *$200 before earnings? or a retest of $120?

AMD Looks to have started the cycle of selling off for a short time. Over the last 21 trading days we have seen the breakdown from all time highs to test the $130 support range. I also wrote in a more previous chart last week that the range would be down to $135-$133 IF WE GET REJECTED I wrote that.. If that doesn’t hold we fail back to $122. I have shown a ostensible weak point which could be a point we see when there is potential for a squeeze in either direction.

Current Situation:
1) We are at infliction. If we break down from here we break down hard .
2) We bounce here with good news of Xilinix Merger deal.

I am overall bullish on AMD stock as a whole and can swing both sides depending on the outcome topside is all time high $164.46. Bottom side $130