$AMD
is about to end it's bullish cycle.
Price is currently setting up for one last squeeze towards $660.
Broke out above the 50 and 100DMA and turned them into support.
But this will most likely finish the upwards trend we've been in since $80.
After that we'll get a bigger correction first before it continues higher.
Precise levels for this correction will be clear after this cycle has topped, but it will probably be $300-$400.
No need to panic yet, but something to be aware of when being invested.
is about to end it's bullish cycle.
Price is currently setting up for one last squeeze towards $660.
Broke out above the 50 and 100DMA and turned them into support.
But this will most likely finish the upwards trend we've been in since $80.
After that we'll get a bigger correction first before it continues higher.
Precise levels for this correction will be clear after this cycle has topped, but it will probably be $300-$400.
No need to panic yet, but something to be aware of when being invested.
