 Welcome traders to another tick mill earnings report preview with me Patrick Munney before we jump into those reports It's important. We've here to the risk disclaimer the material provided is for information purposes only and should not be considered as Investment advice the views information opinions expressed by me are solely mine. They're not indicative or representative of those held by tick mill UK or limited Okay, so let's jump into today's report. We're looking at AMD Who report after the close this evening in New York? We're looking for consensus earnings per share of 90 cents on revenue of 5.52 billion. There is a whisper number on the street, but the earnings per share can be a little light at the 87 cents per share Investors will be focused on the amount of revenue generated by AMD's enterprise embedded and semi-custom segment The segment encompasses server and embedded processors semi custom system on chip products Develop services and game console technology It does not include AMD's desktop and notebook micro processors Which are including the company's computing and graphics segments the enterprise embedded and semi-custom segment is the smaller of the company's two main segments But it is growing in a rapid clip and could ultimately overtake the computing and graphics segment as the company's primary revenue Generator in fiscal year 2020 enterprise and embedded semi-custom chip was 34.1% of AMD's total revenue while in the senior 2021 It's 43.2. So this segment covers areas of AMD's business That have suffered recent shortages due to rising demand such as cars as well as areas that could see rising growth Such as game consoles and these enterprise embedded semi-custom business has grown dramatically In recent years after a slow start in fiscal year 2019 revenue for the segment was 0.4 billion It declined to 0.3 billion in the first quarter of 2020 during the early months of the pandemic Then it nearly quadrupled year over year to 1.3 billion in the first quarter of 2021 And let's predict a slower but still impressive pace of growth In the first quarter of 2022 as revenue in this segment could climb to as high as 2.3 billion Okay, let's take a look at some of the statistical trading patterns around the earning release AMD shares have moved lower in the immediate aftermath of earnings 8 out of 12 For previous reports on average the stock moved down 0.8 percent in the first day of trading Based on the previous 12 earning releases AMD is more likely to trade higher one day after earnings from average gain of 0.5% Stock has moved higher one week after earnings seven hours of the previous 12 reports on average The stock moved a higher by 3.7 percent It tells what we can anticipate from the options market and implied volatility options trader traders are actually pricing in 11.1 percent move on earnings and the stock has averaged a 4.2 percent move in recent quarters In the sentiment and flow perspective There's a notable buying 15,010 contracts of a $70 call expiring on Friday, August the 19th Options order flow sentiment in general is bullish investor sentiment earnings companies earnings release has 71 percent Expecting an A&P consensus estimates are for year-to-year earnings growth of sixty nine point eight one percent The revenue increasing sixty point two three percent short interest has decreased by 57 percent since the company's last earnings release While the stock has actually drifted lower by thirty four point two percent from its opening firing its last earnings release To be twenty seven point one percent below its two hundred day moving average at one hundred and seventeen dollars Thirty nine, so let's take a look at the charts now and see where there may be opportunities in This stock so AMD Is in a what I consider a corrective pattern at the moment versus the swing high at one hundred thirty three dollars fifty five I'm actually looking for Quality test at the sixty eight dollar level and also coincide with the weekly trend line support So I've been looking for any three-way corrective patterns to find resistance back just above the hundred dollar level Then look for a downside extension into this sixty eight dollar zone I think that's an entry point to build a long-term position in This stock as always traders plan the trade trade the plan and most importantly manage your risk until next time Thanks very much You