Advanced Micro Exploded Higher The Past Couple Of Years

Semiconductors have been on a tear for years, particularly with cryptocurrency fever bleeding into the sector. One firm has absolutely exploded higher the past couple of years – Advanced Micro Devices – but, looking at the long-term picture, you can see a more troubling trend (if you’re a bull).

1110-amd

I shorted AMD a couple of days ago, and I think an important top is in. Looking closer, you can see where I’ve drawn my stop-loss level.

1111-amdlco

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.