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FibMarketWatch

AMD - STRONG BUY

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
FibMarketWatch Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns Wave Analysis Stocks stocktrading elliotwaveprojection
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trendanalysis chartpattern waveanalysis stocks stocktrading elliotwaveprojection
AMD is beginning a turnaround.

AMD bottomed at $1.65 and began a Cycle 5 Wave sequence.

Wave 1 was normal and had a terminal point at $3.06

Wave 3 was extended with a terminal point at $8.00 (Over 400% of Wave 1)

Wave 5 was also extended with a terminal point at $15.55 (Approx 161.8% of Wave 3)

Wave 5 corrected with FLAT Correction.

Wave 5 now becomes Wave 1

The Higher Degree 3rd Wave has a projection of approx. $31.50 but since the lower degree Wave 3 extended over 400% of Wave 1 of the lower degree I suspect we will see the Higher Degree 3rd Wave to extend as well.

AMD is a STRONG BUY

Near-Term (3-6 Months) Target = $31.50

snapshot
snapshot

-AB
Comment:
SOLD.

5 Wave Cycle Completed.

Still Long-Term Buy, I plan to buy more at lower levels (Retrace Levels).
Comment:
Comment:
Comment:
From the above chart, my target is between 1.382 & 1.618. STOP-BUY @ $16.58
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