Set of Lower Highs & now has put in a Regional Lower Low. PASS!
Comments
paydenkp
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Everything I am seeing implies that AMD will spike soon. This looks just like it did in July of 2009 before that major spike (though that occurred due to AMD revealing their roadmap, mostly), and with AMD having a line-up of products for Sept/Oct, Nov, and Jan/Feb setup, I cannot see this going any lower for a while.
In fact, the low it hit in 2009 was $3.22, just as it is right now.
Those two things combined with the larger scale patterns (Flag/Pennant and a potential Cup and Handle) heavily imply a strong bullish movement is in the works. Not to mention that every earnings call, AMD is reporting lower and lower profit loss, which could very likely be gone soon due to the aforementioned products.
Now is the time to buy. This is as low as it is going to get for a while.
In fact, the low it hit in 2009 was $3.22, just as it is right now.
Those two things combined with the larger scale patterns (Flag/Pennant and a potential Cup and Handle) heavily imply a strong bullish movement is in the works. Not to mention that every earnings call, AMD is reporting lower and lower profit loss, which could very likely be gone soon due to the aforementioned products.
Now is the time to buy. This is as low as it is going to get for a while.