AMD Daily - The next pump?
This chart is just ugly. And the company is failing. But 
AMC is being pumped. So lets start to look at it over the next few days. Today we start with the daily and the clear downtrend it's been on since the 12-13 range.
I am playing PUITS. There is nothing on this chart that tells me a break in trend is coming. THE ONLY HOPE FOR IT, the circled area. The moving average seems to have flattened out. I can't say that it has broken it's downtrend BUT the 200ma has definitely flattened and the 9EMA has as well. But the bigger picture is the company outlook. There is nothing on the company financials to make me believe this can recover. A stock can only be pumped so much.
AMC is being pumped. So lets start to look at it over the next few days. Today we start with the daily and the clear downtrend it's been on since the 12-13 range.I am playing PUITS. There is nothing on this chart that tells me a break in trend is coming. THE ONLY HOPE FOR IT, the circled area. The moving average seems to have flattened out. I can't say that it has broken it's downtrend BUT the 200ma has definitely flattened and the 9EMA has as well. But the bigger picture is the company outlook. There is nothing on the company financials to make me believe this can recover. A stock can only be pumped so much.
Note
THE TITLE IS WRONG I AM SORRYIT IS SUPPOSED TO SAY AMC. NOT AMD. AMD IS OBVIOUSLY NOT A PUMP AND DUMP.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.