saltysaver

strong technical divergence-not all bearish

Long
NASDAQ:AMD   Advanced Micro Devices Inc
basic chart here, but important. there is strong daily RSI & MACD divergence from price as denoted by green lines. the dotted green is major trend line support. it is not ideal that major trend broke, but could be a back test of the strong support zone before a breakout. price is diverging by making new lows that are gaining technical strength above the previous lower low. GLTA do your own DD. combined AMD + XLNX guidance has not been released yet so this is a very important ER coming up. current AMD PE 22' estimates is 27, a 5 yr low & very low for a company growing at 30%.
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