AMD has shown no signs of slowing down, until now. After the mixed reviews of Ryzen, which was initially a reason for all the hype around AMD, investors are selling. With even the largest investor dropping 45 million shares at $13.70. This is all as AMD was hitting a near 10 year high, which also happened to be a major resistance/support level.
On the weekly chart, we can see Bearish Divergence on the RSI, and the MACD Leader. Also, for the first time since the beginning of 2016, the Accumulation/Distribution line has dropped below the 20MA on the weekly, showing a potential change in trend. (Not Shown)