AMD Technical Analysis

Here is a technical analysis of Advanced Micro Devices stocks:
-AMD is now making its 3rd touch on the ascending channel which coincides with a resistance zone set by the high of May 2000;
-RSI is oversold on the Monthy, Weekly and Daily charts;
-Bearish divergence on the Daily chart;

Considering the abovementioned facts, probabilities point for a move to the downside but, since this is a volatile market, be patient to see where it moves and always use stop-losses.


This is not financial advice