Advanced Micro Devices has been suffered about rising of interest rates, inflation, material shortages, ... Technically the current (at this date) presents an interesting chart to invest in, even for medium-term tenancy: The RSI is going to break its neutrality zone pushed by the lose of seller strenght. The next week is going to be decisive about the trend reaction regarding its SMMA 15 in daily while the trend has been consolidated on this SMMA 15 in H4 all the week long.
Fondamentally, the dollar index seems to ceil its historical rate and its attenuation within the next week may attract investor from USD cash shelter to stocks market without detailling that technology is a very promising sector (may be the most), especially computer science. However, don't forget the manufacturing is located in Dresde in Germany who mostly suffer from the actual context. IBM presents a safer investment while AMD or Intel might be subject to high volatility.
Fondamentally, the dollar index seems to ceil its historical rate and its attenuation within the next week may attract investor from USD cash shelter to stocks market without detailling that technology is a very promising sector (may be the most), especially computer science. However, don't forget the manufacturing is located in Dresde in Germany who mostly suffer from the actual context. IBM presents a safer investment while AMD or Intel might be subject to high volatility.
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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.