Down 8.66%, and oddly enough, this move in AMD doesn’t feel quite so scary to me. It’s trading at 523.77, with the 24-hour low of 520.92 right below us, while the high of 580.54 is now a long way off.
The reason is simple: a fast drop means panic is being released all at once, rather than the slow, agonizing grind of a gradual decline. If 520.92 holds, the bears have landed their punch and that’s that; if it doesn’t, there’s nothing but a vacuum below, with little to catch the fall.
Of course, I could be wrong. If I had to choose, I’d lean more toward sitting on the sidelines. Trying to catch a bounce during a downtrend often means becoming someone else’s exit liquidity. But if it gets back above 580.54, I’ll admit I overthought it. If I’m wrong, I’ll own it.
With U.S. chip stocks falling this hard, do you think it’ll spill over into crypto tonight?
$AMD
#美股 #MarketAnalysis
The reason is simple: a fast drop means panic is being released all at once, rather than the slow, agonizing grind of a gradual decline. If 520.92 holds, the bears have landed their punch and that’s that; if it doesn’t, there’s nothing but a vacuum below, with little to catch the fall.
Of course, I could be wrong. If I had to choose, I’d lean more toward sitting on the sidelines. Trying to catch a bounce during a downtrend often means becoming someone else’s exit liquidity. But if it gets back above 580.54, I’ll admit I overthought it. If I’m wrong, I’ll own it.
With U.S. chip stocks falling this hard, do you think it’ll spill over into crypto tonight?
$AMD
#美股 #MarketAnalysis