On 01/24/2017 before the earnings announcement, AMD came out the weekly cycle bottom by taking out 10.25 and closing above it. It has been in the bottom timing band for a long time. The precise action of taking out the prior swing high at 10.25 confirmed the completion of the weekly cycle bottom. We advise long at open on 01/25/2017. The stop loss is 9.42. This long trade will last at least 2-3 months before any significant correction. Stay tuned for continued report on this trade.