AMD is approaching resistance (daily chart)

NASDAQ:AMD   Advanced Micro Devices Inc
AMD, like many semis, has been on a rip lately. However, it appears to be in a resistance zone at a Gann confluence line at 100.13 (like SMH and many other semis), which is also where it turned back earlier. The RSI(9) is overbought. I would see it going back to prior Gann line at 91.23. That line is also near the top of a bullish Ichimoku cloud. Perhaps a buy there, but I would be cautious about buying semis after April, since we may be entering some seasonality.

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