AMD will drop, but seems to have a upward trend.
As of right now, AMD is overbought as shown by the RSI indicator. Seems to hit its resistance line and passes the BB line. So, it is inevitable that the price will drop around the $52 mark. But, as shown by the trend line, it indicates that the price will increase in the long term. Basically, wait until it drops to around $52 to get profits,
Note
Welp, AMD just passed it's resistance line and now I think that the resistance will become its support line. Just speculation though.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.