AMD has shown no signs of slowing down, until now. After the mixed reviews of Ryzen, which was initially a reason for all the hype around AMD, investors are selling. With even the largest investor dropping 45 million shares at $13.70. This is all as AMD was hitting a near 10 year high, which also happened to be a major resistance/support level.
On the weekly chart, we can see Bearish Divergence on the RSI, and the MACD Leader.
Also, for the first time since the beginning of 2016, the Accumulation/Distribution line has dropped below the 20MA on the weekly, showing a potential change in trend. (Not Shown)
On the weekly chart, we can see Bearish Divergence on the RSI, and the MACD Leader.
Also, for the first time since the beginning of 2016, the Accumulation/Distribution line has dropped below the 20MA on the weekly, showing a potential change in trend. (Not Shown)