The Scenic View of Advanced Micro Devices

Much like our recent analysis of big-time chip winner, NVDA, Advanced Micro Devices (below, on the monthly timeframe), may be ripe to at least pause if not correct in the near-term.

On the multi-year look, note the name rallied impressively over the last fourteen months or so.

However, the $15 level has been a tough one for AMD, dating back to at least late-2003. I expect sideways or down in the coming weeks, if not into summer, for a reset here.

Longer-term, clearing $15 and holding over it should be wildly bullish.

But first things first--Simple overhead supply even for advanced devices.