AMD just did something it hasn't done since the dotcom bubble
"AMD just did something it hasn't done since the dotcom bubble"
in the news AMD just did something it hasn't done since the dotcom bubble? What this all about..... See below.
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Sentiment Trader shows a very interesting chart today. After a triple-digit rally this year, AMD is now at its most overbought since 2000. We have discussed with our analysts what is happening, but its due to a huge boom in the semiconductor space, with driverless cars, and data, and Artificial intelligence as huge booming areas, right now mid 2018. These are huge sectors to watch. We do hear talks about bigger investors saying whether a repeat of its dotcom bubble drop is ahead. We do not think that is the case right now, and so lets take a look at the chart.
what is happening?, get this, a 140% gains in the last year or so. WOW!
AMD the last 7 days is actually up 30%.... whoa! check at the chart below, we had a major run up on a nice rising support line back to the 20 and then prices has gone nuts and broken out violently to the upside. SO WHAT NOW!??
This is quite an interesting chart.
The big rally yesterday on huge volume, one to watch. When you get such huge volume and price spike it tells you to be careful, but its still worth a watch to go higher later in the year. That remains to be seen.
on technical levels, you might.......... CLICK HERE TO READ MORE!....
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