Investors are strongly advised to exercise caution in the current market conditions, as multiple indicators signal potential risks. The low VIX (Volatility Index) implies a degree of market complacency, while the Mclean Summation Index is within a specific range in July 2023, suggesting a need for close monitoring. Furthermore, the NYHL (New High - New Low) Index is notably high for the year at 755, indicating increased market breadth but also potential exuberance. Compounding these concerns is the Fear Greed Index, which is nearing an extreme greed range around 71. This heightened level of investor sentiment underscores the importance of prudent risk management. To protect your assets, it is crucial to reassess risk tolerance, diversify portfolios, and stay informed about global economic conditions. Given these signals, consider consulting with financial professionals and conducting thorough research before making any significant investment decisions in this dynamically evolving financial landscape.
c AMD- December 2024 Current Price Trends and Short-Term Analysis Hourly Chart (Short-Term) The short-term trend for AMD on the hourly chart is currently down , indicating some immediate bearish momentum. However, there are early signs of a turnaround as the price edges up from $132 toward the $145 level. Significant resistance exists at $145 , which will act as a crucial test for further upward momentum. Until AMD decisively breaks this level, the price action is likely to remain choppy and sideways . Immediate-Term Outlook In the immediate term, AMD appears to be stabilizing and attempting to shift upward. The current price action suggests that the stock may oscillate within the range of $132 to $145 in the short term, building a base for a potential breakout. Key resistance levels are $145, $150, and $155. Medium-Term (Three-Month Daily Chart) Trend Overview On the three-month daily chart, AMD exhibit...