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Dankbee
Nov 18, 2019 3:23 PM

Weekly, AMD Losing market participation Short

Advanced Micro Devices, Inc.NASDAQ

Description

AMD's price action has been amazing for investors, but how much longer will it last? Weekly RSI does not confirm new high with AMD and Volume has been consistently making lower highs as well. It may take some time for the price action to turn around, but this bull is running out of steam. Best risk to reward here is to sell any positions one has, and look for reentry in a few months. Shorting is too risky right now.
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