NASDAQ:AMD   Advanced Micro Devices Inc
106 3 1
Fibonnaci retracement made a great support line at 5.17 not expecting it will go that low. AMD             is getting overbought expecing a wall of sellers. Target at 5.46
You do good work. My charts indicate AMD completed an ascending continuation triangle which may take it to $6.30-$6.40 in the next three weeks. Currently AMD is overbought. There is a lot of resistance at $5.95. I detect the 4th impulse wave at $4.67, with the 5th wave not yet in place. If AMD has a .618 retracement from $5.95, this would be $5.13. The next leg of the advance should be equal to the one from $4.68 to $5.95, or $1.27. Thus, $5.13 + $1.27 is about $6.40. If harmonic patterns continue this may very well happen. I wish you well in all your trades. Don.
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jure12 649bruno
Thanks for your thoughts. Wish you well too
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i see AMD staying around 5.80 and reaching 6. Will test 6 a few times before staying in 6 for a few weeks. then heading to 7.
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