BATS:AMD   Advanced Micro Devices Inc
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Got tired of people posting completely useless charts with no data to back it, No one is looking at the big picture, it's nice to predict daily charts , but predicting long is where you learn.

Now look, Moving along new channel, now between 50 and 100MA, rising tight support of 2.42 and next major support of 2.25, there's no random support levels of 2.46 - 2.45 - 2.46 2.47, 2.48 etc...read a charting book if you don't understand how support levels work. Have a nice golden cross forming, it's almost ready to pop up big. It will blow past $3 and form gap as new support. $2 will be no more for years to come.

Point is, MACD is trending down, but I predict it will cross and for an upward trend line like the one supporting the price movement... volume is getting lower, people are starting to wait for Q1, that's a good thing....MM's slowly bringing support up to prepare for squeeze... the support level keeps rising following trend from November. We should have a squeeze, notice both major trend lines meet around April 15th? .... I'm hoping for a squeeze on earnings ...The price not much movement until then IMO.

Also, look where the 200MA is if you forcast it...it's coming down to play....Major crosses coming to pop this out of the rut it's been in...exciting times coming in mid April.

If you chart the FIB all the way back, it matches nicely...looking like 3.16 will be new support - 3.87 and 4.50.....

Comments

Called it very, very well. Good eye. Target 9, huh? good thing I'm in for the long :)
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Also a bullish wolfe wave for the bigger picture chartist. Target is 9+
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