AMD - Bearish for now

425
Hello traders!

AMD doesn’t seem encouraging to me unless we close above the yellow trendline. Otherwise, I believe it will soon test the bottom of the channel that it happened to be the lower Bollinger band at around $74.5 before it bounces back to the 80’s.

Good luck

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.