Hi guys its been a bit,
here are my thoughts on AMD in the Short term!, so far it seems that it has formed a double bottom which made it rise to current levels, but in the process its seems to have formed a double top so it may fall.
RSI is also s dangerously close to over bought, but its still under so maybe a impending correction.
it also looks like it has formed a good channel up and if it does fall could just be normal cycles of going up to resistance and falling to support while its overall trend is still up( due to better products and still great news).
good luck all!
Disclamers:
here are my thoughts on AMD in the Short term!, so far it seems that it has formed a double bottom which made it rise to current levels, but in the process its seems to have formed a double top so it may fall.
RSI is also s dangerously close to over bought, but its still under so maybe a impending correction.
it also looks like it has formed a good channel up and if it does fall could just be normal cycles of going up to resistance and falling to support while its overall trend is still up( due to better products and still great news).
good luck all!
Disclamers:
- I have a long position on AMD
- This chart is solely my oppinon that i share! It is your risk to Short or buy this stock and i have no responsibility for loss