A bullish flag has formed on AMD with the recent run up creating the pole and the last weeks creating the flag. While the MACD is quite high, and the RSI is nearing over bought, I believe that there is a chance for the bullish flag to complete(stock go up). However once it completes, then it may sell off because it would become over bought on both the MACD and RSI.
Creating a range box from October 2020-July 2020 and duplicating it to the range of July 2020-today(March 2020) we can see that it is at the bottom of the range box right now and has a possibility of filling the gap that was created in June 2020 which explains the third range box(furthest right). I also used Fibonacci patterns to draw where the initial drop would...
The chart shows an upward trend creating an upward channel, which at the time is at the bottom of the channel. By creating this channel you are able to see where the price is bouncing off of.
