AMD - slow and steady selloff. DId it find bottomyet?
AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD.
For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply.
This all stands in the way for the stock to really fly.
I'd like it above 180 even 190 to feel like I've more runway.
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