AMD is currently in a downtrend channel, raising the question of whether the intermediate support trend line can hold. If it falls below $115, a double-digit price could be on the horizon. With the AI hype cooling off, the likelihood of a continued downward trend seems higher.
Note
The downtrend channel is holding surprisingly well, i will enter if it ever touches the bottom of the channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.