nschairer

AMD Stock Overvalued Look for Correction Until Ryzen Chip is Out

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nschairer Aggiornato   
NASDAQ:AMD   Advanced Micro Devices Inc
Bearish flag ready to correct, thinking the stocks a little overvalued right now.

You can see the RSI declining slowly, might be time for some nice consolidation.If consolidation occurs it would be a great buying point before their next product release.

With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...

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Commento:
looks like it might break that bearish flag...however ryzen sales could push it higher
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