Let’s revisit the key points from my last update on AMD, published on November 27th:
Although the 20W cycle trough took slightly longer to form than expected, the overall analysis remains intact. We are currently progressing through wave B of y of (II), which I believe could push prices as high as 144. The 80W cycle trough is now projected for early May 2025.
- We are currently correcting the bullish move from October 2022 to March 2024.
- Wave A of the second zigzag (labeled 'y') is nearing completion.
- The October 2023 trough aligns with an 80-week (80W) cycle trough.
- The first 20-week (20W) cycle within this 40W cycle was anticipated around December 18th.
- A rally is expected to follow before entering the extreme bearish phase.
- The 80W cycle trough is projected for early April 2025.
Although the 20W cycle trough took slightly longer to form than expected, the overall analysis remains intact. We are currently progressing through wave B of y of (II), which I believe could push prices as high as 144. The 80W cycle trough is now projected for early May 2025.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.