Apr. 2 at 2:18 PM
Trump dropping Iran strike headlines and chip stocks are getting hit hard premarket ⚠️
$AMD sitting at
$210.21, just below its SMA 50 at
$212.29 — that's the key level to watch.
$CSCO at
$77.93, already -4.77% on the week and trading under both its SMA 20 (
$78.74) and SMA 50 (
$79.12).
$CIEN ripping YTD +77.62% but down -5.10% this week — fading hard off
$446.89 highs.
Geopolitical risk = instant risk-off.
$AMD RSI at 53,
$CSCO at 46 — neither oversold yet, more downside possible if Iran tensions escalate.
Watching
$AMD for a reclaim of
$212 SMA 50. Until then, fade the bounces.
#Semiconductors #ChipStocks #AIStocks
