Warning: do your own research before performing any trades. I'm not a financial advisor, and you alone will be responsible for any losses or gains made by following this idea.
A recent run up of AMD has started to look a bit exponential from Aug 17 and showed the signs of signs of losing steam reaching a high of Sep 2006. It needs some time to cool off. RSI on daily, weekly and monthly is screaming overbought, TD Sequential got a price flip on daily after a green 8, and weekly is on green 7 with a huge wick to the upside. Monthly is on a green 3 though and fundamentals are very good. I'll be very careful with any trades right now.
A recent run up of AMD has started to look a bit exponential from Aug 17 and showed the signs of signs of losing steam reaching a high of Sep 2006. It needs some time to cool off. RSI on daily, weekly and monthly is screaming overbought, TD Sequential got a price flip on daily after a green 8, and weekly is on green 7 with a huge wick to the upside. Monthly is on a green 3 though and fundamentals are very good. I'll be very careful with any trades right now.