Advanced Micro Devices IncUpdated AMD Short to medium term
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
On the bright side, AMD almost reached, on 13 days time frame, an oversold level that was previously reached in September 2015
Note
It seems the idea was legit!
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.
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.