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Weekly double top with bearish div and declining volume on AMD.

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NASDAQ:AMD   Advanced Micro Devices Inc
AMD looks to be double topping on the weekly chart with some clear weekly bearish divergence on both the volume and on the RSI. We can see price has been rising on declining volume, and the relative strength of this latest push up is failing to break 70 on the RSI on a weekly basis. Potentially might see this one pull back to the 50 week MA around $26, or perhaps even lower toward the 200 MA around $14. This is a very bearish looking chart in my opinion.

MA Guide (All weekly for this post):
50 MA in Green.
200 MA in Red.

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