Do not take a long position in AMD; technical weakness (closes below 10 EMA) indicates the move is late rather than early.

Before investing in AMD , I want you to take a look at Amazon and nine other stocks that we'll cover today in 10 minutes or less.

Now, speaking of AMD , let's take a look at AMD. It also has a score of nine out of nine, but I have my doubts about whether it would be right to invest our money here. Because as I said, we had that bearish-bullish momentum signal on September 10th.

From there it grew by about 20%, about 30%. Let's quickly identify that. Yes, at one point more than 30%. But, now it has decreased by about 7%, resulting in our total profit on AMD being about 20% so far.

Now, does this mean that AMD is going to zero ? No, but there are some things I want to make you aware of. First, AMD closed below the 10 EMA twice. This is not a good sign, right?

This is your short-term trend. When the short-term trend is above the medium-term trend and the price is above the long-term trend , it is a good sign. However, whenever you start seeing closings below these moving averages , it is the 10 EMA, 20 EMA, and 50 EMA.

Whenever you see a closing below these points , it reveals weakness here. So, now might be a good time to get into AMD. I would definitely say that I would n't consider taking a long position in AMD, although not its score , but I think it's much closer to the back side of the movement than the front side.