AMD head and shoulders
AMD head and shoulders
let me start by saying that amd has been one of my favorite ticker symbols out there and have always been bullish on it
however , we are seeing a shift into value and a move away from tech.
worries over inflation only add to the selling pressure.
i am no bear but given the above variables as well as the head and shoulders pattern on the daily as well as the weekly leads me to believe we are in for a long draw down
*** i am aware that as of right now the indicators are showing some bullish divergence but i dont think this will be enough to hold up over the longer the tend.
by all means i am no expert so i would love to hear others opinions and ideas. I welcome the education.
let me start by saying that amd has been one of my favorite ticker symbols out there and have always been bullish on it
however , we are seeing a shift into value and a move away from tech.
worries over inflation only add to the selling pressure.
i am no bear but given the above variables as well as the head and shoulders pattern on the daily as well as the weekly leads me to believe we are in for a long draw down
*** i am aware that as of right now the indicators are showing some bullish divergence but i dont think this will be enough to hold up over the longer the tend.
by all means i am no expert so i would love to hear others opinions and ideas. I welcome the education.
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