71535617
commented on a stock · Feb 12, 2022 19:41
Is it me or does this Benzinga article have it back asswards?
$Advanced Micro Devices (AMD.US)$ From this article:
AMD Is Entering Into A Key Time: What's Next? Benzinga Real-time News - 02/11 14:32
It says,
"The stock is trading above the 50-day moving average (green) but below the 200-day moving average (blue), indicating the stock should be consolidating. The 50-day moving average may hold as an area of support while the 200-day moving average may act as an area of resistance."
That can't be right. Its trading below the 50-day MA and above the 200 day MA.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more2