After the fiasco at NVDA (lol) A lot of new investor are looking more and more into AMD which is it's direct competitor.
AMD is showing a lot of potential. and Histogram showing bulls are in power and price action reflects that. Looking at where the price is located I see its just under the 100 moving average (located at 20.74$) which means the bulls are entering resistance territories. They will have to break it to add some momentum and create a run. If the bulls succeed in doing so, their next would be located around 21.71$ and 22.24$ after that (200 moving average).
My Histogram shows a second green bar and a , which is a buy sign to me. I'll wait for confirmation. I'm looking for a good spike in because we will need it to create a higher high.
Let's see how this will playout on Monday. Knowing that NVDA dropped 18% ( and will drop a bit more imo ), I wouldn't be surprised AMD will get more investors and bots.
Keep your eyes on the charts!
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