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- Advanced Micro Devices, Inc.’s price action shows positive technicals, with a bullish flag pattern having emerged in the last few months.
- Currently, AMD has retraced 39.39%, forming a full bull flag pattern, suggesting a continuation of the previous bullish trend.
- There is a healthy support level below, in case of fundamental changes to the stock that may negatively impact it.
- This article also reviews oscillators and momentum signals for AMD.
Introduction
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor and computer hardware manufacturer in the US. They are the primary competitor with Intel for CPUs and the best contender Nvidia Corporation Financial advisor and research analyst from Southern California. “History does not repeat, but it does instruct.” — Timothy Snyder, On Tyranny.
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