AMD Stock Overvalued Look for Correction Until Ryzen Chip is Out

Bearish flag ready to correct, thinking the stocks a little overvalued right now.
You can see the RSI declining slowly, might be time for some nice consolidation.If consolidation occurs it would be a great buying point before their next product release.
With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...
For live updates for all cryptocurrencies check out my app on the app store for coinmarketcap.com at: itunes.apple.com/us/app/cryptocap/id1257341716?ls=1&mt=8
You can see the RSI declining slowly, might be time for some nice consolidation.If consolidation occurs it would be a great buying point before their next product release.
With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...
For live updates for all cryptocurrencies check out my app on the app store for coinmarketcap.com at: itunes.apple.com/us/app/cryptocap/id1257341716?ls=1&mt=8
Nota
looks like it might break that bearish flag...however ryzen sales could push it higherExención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.