Chip stocks hit hard, intel's earnings disappoint: Still a good bet?
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Advanced Micro Devices (AMD)
We now have what looks to me to be a still under development descending or falling wedge, which is a pattern of bullish reversal. The firm's RSI and daily MACD have been weak. Both have improved this morning. The stock will likely challenge its own 200-day SMA this morning. That, my friends is the pivot.
$Advanced Micro Devices (AMD.US)$
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Invest with Sarge OP : The falling wedge is a pattern of bullish reversal, though we have not yet seen the reversal.
DamYankee Invest with Sarge OP : What goes down will hopefully come back up