- peak stops the upward move
- increasing on breakdown of support $30- increase on dump confirms counter trend
- steep reducing to more normal uptrend-- see previous AMD idea
- LOOK for and $25 psychological for potential entry on bounce-- stop buy under $25--- ex:$24.80
-- 0.50 retracement does not form a confluence zone with
-- would be too deep of retracement for this strong uptrend
- expect EW complex correction
- simple and complex EW corrections typically alternate
Long Term Target $55
-1.618 Fib off the 2nd price cycle
next stop is $20- such as obvious Support zone mamny traders will look to act on it. ABC correction.
X-factor- earnings report on 24th.