Interesting observation...are MACD and RSI telling a different story?
NASTICHUS
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@BobbySpa, The diamond is a reversible pattern, not a continuation, as the topic starter suggests.
drchelsea1
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@BobbySpa, Those indicators are showing consolidation over the past few weeks, and volume has been declining through the Diamond. We shall see. Think breakout is upwards.
drchelsea1
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@drchelsea1, Certainly there are probabilities on resolution in either direction, but earnings in 4 weeks, AI spectacular with Lisa Su getting the whole AI Stack Roadshow On The Go, I would not bet on the downside resolution. As a matter of fact, Nvidia's rise after earnings was "directly proportional to the amount of times Jensen said AI, which was about 300." Lets see how many times AMD can say AI in 4 weeks.