AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD.
For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply.
This all stands in the way for the stock to really fly.
I'd like it above 180 even 190 to feel like I've more runway.
For investment, check valuation. Different story.
For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply.
This all stands in the way for the stock to really fly.
I'd like it above 180 even 190 to feel like I've more runway.
For investment, check valuation. Different story.
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