The chart is getting more bearish day by day and looks to be in a classic ABC correction wave. Double rejection at 0.5 fib and the C wave has started.
All the big caps have started falling. Daily MACD is about to crossover to negative territory.
My target for AMD is $70-$80 in next 3 months. If
SPY goes back to $380, I expect AMD to hit high $50s.
Like I said a couple of months back, AMD is the Qualcomm of the 2020 bubble.
All the big caps have started falling. Daily MACD is about to crossover to negative territory.
My target for AMD is $70-$80 in next 3 months. If
SPY goes back to $380, I expect AMD to hit high $50s.Like I said a couple of months back, AMD is the Qualcomm of the 2020 bubble.
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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.