/biz/ - Business & Finance

>>24145760
im gonna be honest the main issue i have with tech like AMD and just FAGTMAANN in general is how overbought they all mostly are. which as many of us know is directly because of the softbank manipulation shit. combined with the FED propping the markets up during a pandemic, i just feel like there's a lot of downside risk there. it's less about AMD specifically but more "if some governmental-tier shit goes down tech is probably gonna crater". at the moment i feel like they've gone too high too fast. this is pretty easy to see on the daily chart of many of these companies.

so like i said a lot of them are consolidating now. note how high above the keltner AMD got, that sort of volatility is NOT normal (just look at it historically for example). it never stays up there for very long before dropping into a consolidation period. i probably won't consider buying AMD again until it at least sees a return to the 200 day MA, similar to a lot of tech like AAPL too.