Ive been talking about AMD since early December around 135
We can see here, what looks to be an inverse HEAD and SHOULDERS!
Today we saw the valid breakout of this price action and i anticipate it to continue to $161.82. This is a resistance level AND a gap fill level. From there, i anticipate a minor market correction. SPY has been looking a tad bit weak, creating levels that need to get tested. I assume that when SPY starts to curl over and correct, AMD will also correct, with a target of 144.50 MINIMUM!
We can see here, what looks to be an inverse HEAD and SHOULDERS!
Today we saw the valid breakout of this price action and i anticipate it to continue to $161.82. This is a resistance level AND a gap fill level. From there, i anticipate a minor market correction. SPY has been looking a tad bit weak, creating levels that need to get tested. I assume that when SPY starts to curl over and correct, AMD will also correct, with a target of 144.50 MINIMUM!
PG13