AMD, Wave count and Target Update! Long to 180-200 Zone !
AMD is going to make a new ATH soon ! How far it can go up? Lets follow!
As wave structure suggests, We are more than likely in wave 5 of the cycle started 84.24 USD on 19 July 2021. This final leg up going wave of mentioned cycle can push up the price to 170-180 target zone which is strong resistance formed by different types of Fibonacci ratios. After completion of this cycle there may be a correction to the territory of previous wave 4 and another leg up to around 200 USD. Hitting this target makes a larger degree wave cycle which started at 72.5 USD on 13 may 2021 complete and triggers a considerable correction.
As mentioned in related analysis , AMD is strong bullish stock. AMD recently broke the half of century trend line upward and currently tries to stabilize itself above it. In larger time frames and larger degree waves AMD is in wave 3 of 3 which means we will see unbelievable targets for AMD in long term !.
Please note this is live wave counting and the most probable scenario for now ! We will not sell our valuable shares without a strong reason to do so. Possible top of channel break out calls for target update ! If so, AMD goes even higher in short term! Lets follow !
Wish you huge profits my friends.
As wave structure suggests, We are more than likely in wave 5 of the cycle started 84.24 USD on 19 July 2021. This final leg up going wave of mentioned cycle can push up the price to 170-180 target zone which is strong resistance formed by different types of Fibonacci ratios. After completion of this cycle there may be a correction to the territory of previous wave 4 and another leg up to around 200 USD. Hitting this target makes a larger degree wave cycle which started at 72.5 USD on 13 may 2021 complete and triggers a considerable correction.
As mentioned in related analysis , AMD is strong bullish stock. AMD recently broke the half of century trend line upward and currently tries to stabilize itself above it. In larger time frames and larger degree waves AMD is in wave 3 of 3 which means we will see unbelievable targets for AMD in long term !.
Please note this is live wave counting and the most probable scenario for now ! We will not sell our valuable shares without a strong reason to do so. Possible top of channel break out calls for target update ! If so, AMD goes even higher in short term! Lets follow !
Wish you huge profits my friends.
