$AMD daily sale-off
Everyone when seeing strong indicator signal, start to be like "Deer in front of the headlights". There sale signal, but market climb up day after day. AMD didn't shock with last earnings report, because of EPS and Revenue it's almost 1:1 in estimate range.
But open at +4%, max +6%, and close at -2%. Crypto mining rash is gone last years, and we saw it, so AMD can't surprise with extra high revenue. But market (traders, investors) rely on gaming, servers industry, and keep believing in strong future of the company.
A/D indicator shows it well, new highs peaks, on the uptrend support line, but weak price moving up-range. Than cross of MA20 and MA 110 based on A/D confirm that not soon as Q2 report we will see some big moves. Since 8 Apr., AMD stuck in flat and can't beat last peak high 29.69.
Keep watching on AMD.
But open at +4%, max +6%, and close at -2%. Crypto mining rash is gone last years, and we saw it, so AMD can't surprise with extra high revenue. But market (traders, investors) rely on gaming, servers industry, and keep believing in strong future of the company.
A/D indicator shows it well, new highs peaks, on the uptrend support line, but weak price moving up-range. Than cross of MA20 and MA 110 based on A/D confirm that not soon as Q2 report we will see some big moves. Since 8 Apr., AMD stuck in flat and can't beat last peak high 29.69.
Keep watching on AMD.
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.