Speaking specifically about AMD I am bullish short term. The medium - long term is where things may look bleak.
From a macro perspective, a lot of cyclical stocks out there are showing signs of vulnerability in their cycle, which may hint at the trajectory of the bigger picture.
This looks great, a potential double top has been forming in June that could indicate a pull-back as shown above starting
vj4
⋅
Hi, todays news: The United States Department of Commerce has added AMD's THATIC Joint Venture to the entity list, saying Sugon, which has an ownership stake in the venture, is "acting contrary to the national security or foreign policy interests of the United States."
What do you think, how it will affect the price of AMD?
UnknownUnicorn163516
⋅
@Lanmar I would afraid to base on the correlation between of this asset and SPX. In my opinion we could see Bullish stock market in the next 1-2 years. However, if this assumption is true it doesn't mean that your idea is incorrect. If we look at AMD/BTC correlation for the last 6-9 months we find that it is moving in parallel: and . So, I don't exclude of falling AMD on rising market because of possible cryptocurrency Crash.