$Advanced Micro Devices (AMD.US)$ 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.
The price has touched the lower Bollinger bands line and should go back to its middle.
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...
pootpoot : hmmm. it looks like a normal pullback from oversold. would be interesting if this is the start of reversal based on these signals
105251507 pootpoot : earning at january + trump become president = NO MORE BEAR AT JANUARY
Kevin Matte OP 105251507 : I also took advantage of it to buy cannabis with MSOX, in case he legalize it!
韭菜变主力 : Good analysis in all aspects, except for the MACD. I still don’t see it breaks the stairs of resistance. Volume is increasing, but still lacks any strength. Can’t even pass 121.8 today with the strong reversal of the broader market. AMD was one of the first to turn green today, yet almost gave up all of its gains. All the moving averages and extremely strong resistance are working against the stock; the narrative of the fundamentals must change, and/or a long period of consolidation is needed to reverse.
digimonX : I hope u are right