 |
AMD Ryzen 5 1600 Processor with Wraith Spire Cooler (YD1600BBAEBOX) |
AMD had a $1.4 drop and $1.4 Gap last May 2, 2017. This is a total of $2.8 devaluation with a volume of 2.65Million. The Gap got filled from the price rebound starting at the formed $9.85 bottom of May 3, 2017 to the peak of $15.00 July 26, 2017. This formed peak marked a triple top with a volume of 2.3M. Oct. 25, 2017 another gap down came. The peak wasn't sustained with a good volume. The gap down crossed below the 200SMA with a volume of 1.6Million. The Gap was smaller than the previous gap created. Today Dec. 6, 2017 it looks like it's having a double bottom at $9.85 (comparing it with the bottom around May 3, 2017). The red volumes are also fading into smaller amount. This might be an invitation for buying and accumulation of shares again. Partnership with Intel might just be the catalyst it is waiting for. We knew that NVDA (NVDIA) is leading into the AI(Artificial Intelligence) and AMD is playing catch up. Just as NVDA had been ahead with GPU(Graphics Processing Unit) and AMD had been playing catch up but in the end made a pretty good stride after a 5 year slump. AMD might just be doing the same thing again with AI. For others NVDA might be so costly already to enter. So AMD could be the best alternative investment.
The weekly chart still shows that the price is above the 200SMA. Let's see how this will make a turn around.
No comments:
Post a Comment