Crypto Crusader here with another analysis
I've been following AMD for a long time now, it seems that this semiconductor is running out of steam to continue its momentum, the path of least resistance is down. Don't catch that falling knife, its not worth it. An evening star pattern forms when you have a large green candle, followed by a small bodied candle that closes above the closing price of the previous large green candle, followed by a large red with a gap down, which usually closes towards the median of the initial large green candle body. Evening stars are strong indicators for a reversal in play, and is often a key indicator for last resort efforts for larger institutional investors to get out while they can. The evening star accompanied with the monthly time-frame, divergence in RSI levels, and increasing Geo-political tension, are all factors for why "AMD" and many other chip-makers will soon fall.
I've been following AMD for a long time now, it seems that this semiconductor is running out of steam to continue its momentum, the path of least resistance is down. Don't catch that falling knife, its not worth it. An evening star pattern forms when you have a large green candle, followed by a small bodied candle that closes above the closing price of the previous large green candle, followed by a large red with a gap down, which usually closes towards the median of the initial large green candle body. Evening stars are strong indicators for a reversal in play, and is often a key indicator for last resort efforts for larger institutional investors to get out while they can. The evening star accompanied with the monthly time-frame, divergence in RSI levels, and increasing Geo-political tension, are all factors for why "AMD" and many other chip-makers will soon fall.