FundaTechno Analysis | AMD short term pullback
I love AMD and Lisa has done wonders, but the recent move compared to INTC is too sharp for only a 6 month lead on the new 7mm chips. Apple silicon is also years away, and any delay due to design or supply side could set this date back further, sharply increasing revenue outlook for INTC in which AMD loses its edge.
Potential double top, waiting for confirmation. Bollinger bands contracting indicating a move coming either direction. RSI divergence and still coming down off oversold levels.
Short term pullback of 10-15% likely, but won't be holding long dated puts.
Mid term perspective can touch $100, if it reaches $90 without a retrace it will form a rising wedge, I will double down on the short at the top wedge resistance.
Potential double top, waiting for confirmation. Bollinger bands contracting indicating a move coming either direction. RSI divergence and still coming down off oversold levels.
Short term pullback of 10-15% likely, but won't be holding long dated puts.
Mid term perspective can touch $100, if it reaches $90 without a retrace it will form a rising wedge, I will double down on the short at the top wedge resistance.
Comment:
Typo: 7nm node process not 7mm