$ADM has encountered a significant selloff since early March 2017. There was nothing wrong with the company nor its products. The selloff was a healthy correction that needed to enable the future up move. Now the future is here. $ADM has successfully taken out the weekly downtrend line and is marching to the upside.
AMD shorts seized the opportunity and kicked off a selloff two days before the official Ryzen 7 high end chip launch! Ryzen 7 high end chip had great reviews but also had bad reviews in gaming performance. In the face of abundant confusion, we at PricenTime.com carefully examined the fundamental and technical aspects of
Today’s selloff is a little troubling. It may change the weekly cycle count. Because of the large day range of 1.20 and the way it was rejected at 15.55, it prompted us to double check the weekly cycle count. We want to know with reasonable confidence about the top price at 15.55. Is it an important top that will be followed with more
Since AMD came out of the weekly cycle bottom at 9.42 on 01/18/2017, it achieved an impressive high at 14.27 on 02/07/2017. Then it spent 8 days to correct the overbought condition that was induced by the earnings release. After 8 days of sideways down trading actions, it quickly reversed at 12.60 today. The reversal was determined by
The semiconductor index had a good performance 16% relative to SPY 6% in the last nighty days. AMD and NVDA are impressive leaders, while AMAT just beat the Semiconductor Index and the old name Intel lost money excluding dividend. AMD lost close to half billion dollars in 2016, but the market didn’t care. It only cared about the X factor of AMD’s sexy comeback story.
