AMD: Consolidation suggests pullback risk
$Advanced Micro Devices(AMD)$ : Consolidation suggests pullback risk.
After the last breach of the upper Bollinger Band, a deep pullback followed, and this time the RSI is overbought.
Losing the 5-day moving average would increase the risk of a fall to at least the 20 DMA, or more precisely, a break below $115.6 next week would set a decline towards $108.
Looks like The Street received the memo with the pullback notification two days late. Anticipating a pullback on Friday or Saturday was ok
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