Trend continuation in $AMD
After correcting the previous big rise, the stock has formed an inverted Shoulder-Head-Shoulder pattern that has broken out to the upside. Both in the daily and weekly timeframe it is above the SMA 30 and a crossover of averages can be observed in an oversold Stoch RSI in the weekly timeframe.
In favor and accompanying the trend we have the reference index
SOX at maximums, although we must keep an eye on the divergence that has formed in the weekly RSI.
In favor and accompanying the trend we have the reference index
SOX at maximums, although we must keep an eye on the divergence that has formed in the weekly RSI.
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Disclaimer
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.