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Fundamentals from Technicals: AMD
Advanced Micro Devices Inc
Fundamentals from Technicals: AMD
By MarthaStokesCMT-TechniTrader
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Sep 29, 2023
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Sep 29, 2023
The
AMD
Weekly Chart
shows that the stock had attempted to complete the long term bottom at 104.
But over the past few weeks, it dipped below that bottom completion level.
This week it has started move up. This provides a level of fundamental support.
If it had continued downward, then fundamentals would be lower. For now, it appears fundamentals are within the outlined range, an accumulation zone.
accumulation_distribution
accumulationzone
AMD
bottoming
fundamentalsvstechnicals
Technical Indicators
Multiple Time Frame Analysis
semiconductors
support
Support and Resistance
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Related publications
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by MarthaStokesCMT-TechniTrader
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