AMD VS AAPL: Bullish continuation VS Further decline

SmartReversals
05-11

1. $Advanced Micro Devices(AMD)$

The Bollinger widening suggests further bullish continuation, and as long as the price action continues above the 5DMA the trend is intact.

Anyway the risk for a pullback exists, so for next week, the bullish momentum is on if the price continues above $101.7, with $106.6 as bullish target. If lost, the pullback would go towards $98.0.

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2. $Apple(AAPL)$

Bearish MACD Crossover Confirmed: Further decline is likely, or is this a delayed signal? The chart suggests that a visit to the lower Bollinger band would complete the bearish pattern. Staying below 50 and 200DMA is not good.

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