AMD Short to medium term

10 เม.ย. 2023

On short term AMD possibly finished a wave 3 and is going down in a 4 that will probably take some time. Reaction zones 86.28, 81.32 and 76.45-78.78. If it's bullish enough then maybe 0.618 retracement would not be reached. However if this level will be broken, I expect a bigger drop to at least wave 1 origin @54.7x. Wave 5 should at least reach 106.08-124.xx and then a bigger 2 will come.
On the bright side, AMD almost reached, on 13 days time frame, an oversold level that was previously reached in September 2015

2 มิ.ย. 2023

บันทึก

It seems the idea was legit!