Advanced Micro Devices IncUpdated TRADING CHANNELS AND MACD ARE PATTERNING EACH OTHER
This is usually a bearish cue imo. See how tradin channel went from rising to leveling out now MACD has turned bearish once again. trade with caution.
Note
Another thing to consider from a high level perspective is the falling of the trading channels since peak 2/28/2017. Imo the long term play is coming to an end, and will begin retracing. To what number, who knows? But it wouldn't surprise me to see AMD take back 30% slowly and steadily. Unless it can have a significant trend reversal single digits is on the horizon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.