Bought 112$ puts for AMD Technical Analysis • Below Key EMAs: 📉 AMD has fallen below the 20 EMA ($128.4), 50 EMA ($124.3), and 200 EMA ($121.6), signaling a strong bearish trend. • RSI at 45: 📊 The RSI is continuing to fall, showing increasing selling pressure with room to drop further. • MACD bearish crossover: 🔻 The MACD has crossed over from its peak and is approaching the zero line, confirming weakening momentum and the potential for more downside. News Impact 1. Analyst Downgrade: 📉 AMD fell 4.1% following a downgrade by HSBC, which weighed heavily on investor sentiment. 2. CES AI Lineup: 🤖 At CES 2025, AMD introduced an expanded lineup of AI-enabled processors, including the Ryzen AI Max and Ryzen AI 300 Series, garnering interest but failing to boost the stock amid broader selling. 3. Strategic Investment: 💊 AMD’s $20 million investment in Absci, a drug-discovery company, highlights its push into healthcare, but this long-term play has yet to impact current price action. Opinion 🔎 With AMD trading below key moving averages and technical indicators turning bearish, the stock is under pressure. The $121.6 (200 EMA) is critical support—if broken, further downside is likely. While the company’s AI advancements show promise for long-term growth, the short-term technicals suggest caution. 📉 Fun Fact: It seems even AMD’s chips can’t process how to stay above the 200 EMA right now. 🥴 Watch for RSI and MACD signals to stabilize before considering any positions. 👉 Follow for more trading insights and technical analyses!