In this chart we see the price penetrate the lower Bollinger Band, and the Vix Fix Bottom Finder was triggered. We also have a "potential" higher low. Based on all of the indicators in the 3 charts, that is what I am anticipating.
Using the scaled VIX Fix here. The proxy might be more useful in calling major bottoms, and the ratio (and it's MA) seems to give some indication at ratio<2 or so.
Well, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play:
- RSI and CCI oversold
- MACD dipped and turning back to possibly form a long positive trend
- RMI is...