AMD Stock Overvalued Look for Correction Until Ryzen Chip is Out
Bearish flag ready to correct, thinking the stocks a little overvalued right now.
You can see the RSI declining slowly, might be time for some nice consolidation.If consolidation occurs it would be a great buying point before their next product release.
With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...
For live updates for all cryptocurrencies check out my app on the app store for coinmarketcap.com at: itunes.apple.co...ap/id1257341716?ls=1&m...
You can see the RSI declining slowly, might be time for some nice consolidation.If consolidation occurs it would be a great buying point before their next product release.
With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...
For live updates for all cryptocurrencies check out my app on the app store for coinmarketcap.com at: itunes.apple.co...ap/id1257341716?ls=1&m...
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itunes.apple.co...ap/id1257341716?ls=1&m...
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looks like it might break that bearish flag...however ryzen sales could push it higher