Rug about to be pulled from underneath $AMD - Target ~ $75I believe I've spotted a very obvious sign of weakness per Wyckoff distribution theory in $AMD. Price target is $75. I do not have a time horizon but let's just say when the rest of the market sells off, I have an idea of where NASDAQ:AMD is going.
Full disclosure, I'm not a profitable trader and I'm relatively new to trading. But my best trades/entries have been during the times I've been fortunate enough to spot this setup--signs of weakness in a Wyckoff distribution.
Price target is based on previous failure where NASDAQ:AMD failed to make a lower low.
Good luck and happy trading!