AMD is in a tight pennant formation right now. 2 ways this can go.A: Its setting up to complete impulse wave 5 which would correlate to a breakout from the pennant to the upside.
B: we're currently still in a zig retracement which would correlate to a breakdown of the pennant to the area of 130-132 where we would base.
Flow: short term bullishness but long term bearish. Which would make sense since we're currently in wave 5 no matter what happens here.
As always best of luck to all!
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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.