AMD(Elliott Waves)Hello friends
In AMD share, we see the formation of a pattern in the form of 123 or ABC.
But due to the breaking of the $162 range, which was a static resistance, and a pullback to it, the formation of an impulse pattern seems more likely.
Therefore, assuming a 5-wave scenario, probably the 4th wave has ended and the 5th microwave has started from the 5th.
Therefore, we expect the share price to grow to the range of $184.
But if the support of $162 is lost and pullback is made, and in fact the failure is a fake breakout, the zigzag pattern scenario is correct, which is less likely, and we will expect the price to drop to the $150 range.
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