Deftsuo

Weekly double top with bearish div and declining volume on AMD.

Short
NASDAQ:AMD   Advanced Micro Devices Inc
AMD looks to be double topping on the weekly chart with some clear weekly bearish divergence on both the volume and on the RSI . We can see price has been rising on declining volume , and the relative strength of this latest push up is failing to break 70 on the RSI on a weekly basis. Potentially might see this one pull back to the 50 week MA around $26, or perhaps even lower toward the 200 MA around $14. This is a very bearish looking chart in my opinion.

MA Guide (All weekly for this post):
50 MA in Green.
200 MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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