AMD April 17, 2024: Waiting For a Bottom
As of April 17, 2024, 
AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple).
The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction from the peak. The stock accumulated in this area for 7 weeks before finally bottoming out and starting an uptrend of over 100% in the following 4 months.
Let's see if the stock will have a similar action this time.
AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple).The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction from the peak. The stock accumulated in this area for 7 weeks before finally bottoming out and starting an uptrend of over 100% in the following 4 months.
Let's see if the stock will have a similar action this time.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.