“A Cautionary Picture in Semiconductors - SMH Multiple Time Frame Analysis”
AMD's bearish reversal confirms its formerly very bullish situation has turned negative, so any rally should be sold. The stock appears to be heading downward in November and, after an attempted rise, is likely to continue lower; AMD is turning much more negative.
AMD, or Advanced Micro Devices, look at that bearish reversal there that tells you that what was a very bullish situation has now been confirmed, and that means if a rally occurs, it should be sold.
Here's another leftward turn. I tried to rise. The stock appears to be heading downwards in November, attempted to rise, and is likely to continue moving again. AMD's stock is turning much more negative.