AMD: $6B Buyback Announced, But Technical Indicators Suggest Downtrend
AMD just announced a new $6 billion share buyback program, bringing its total authorization up to $10 billion—a bullish move from a fundamental standpoint. However, while this news might look promising on the surface, technical analysis paints a different picture for short-term traders. Currently, AMD is facing strong resistance near the 200 EMA on the … Read more