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AMD Is Still Searching for a Tradable Low

·1 min read
AMD Is Still Searching for a Tradable Low
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In this updated daily bar chart of AMD, below, we can see that in early April AMD closed below $100 and a deeper decline ensued. The On-Balance-Volume (OBV) line has made new lows this month and tells us that sellers of AMD have been more aggressive than buyers. In this weekly Japanese candlestick chart of AMD, below, we can see that prices are trading below the declining 40-week moving average line.