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AI chip demand boosts Nvidia: Will it spark a chip stock rally?
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Bullish signals & recent whales's bet !

$Advanced Micro Devices (AMD.US)$ In the 1 week chart, the price action has broken the support of the long-term uptrend, purple ligns, to barely touch the 200MA. The 9's (indicators tool) indicate an imminent reversal.
Bullish signals & recent whales's bet !
The price has touched the lower Bollinger bands line and should go back to its middle.
Bullish signals & recent whales's bet !
In the 1 day chart, the stock is oversold; its RSI is the lowest in 2 years, on September 26, 2022.  After breaking down the long term support level, purple lines, the price also could'nt hold the support level of 130. It has been 10 trading sessions since the price last touched the 9MA. The volume has increase, volatility too. The 9's also indicate a reversal.
Bullish signals & recent whales's bet !
Today's drop is being blamed on the entire market going down... IMO this time it's the real deal!
Today's article also worth reading: Market Whales and Their Recent Bets on AMD Options
Bullish signals & recent whales's bet !
Here some AMD's x2 Leveraged charts:
Bullish signals & recent whales's bet !
Bullish signals & recent whales's bet !
Bullish signals & recent whales's bet !
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