AMD: unstoppable!

Shortly after our last update, AMD gained strong upward momentum and reached a new all-time high. As we already informed you via short message, this triggered a stop-out of the remaining half of our most recent short trade (with a 1% profit). Given this upside momentum, we’re adjusting our outlook: We now expect the stock to continue its long-term uptrend and to form the corresponding top only in our new red Target Zone ($689.65–$762.45).
With these recent adjustments, you’ll also receive the chart from the last update today. This chart is marked with the abbreviation old as well as the date of the last update.

Primary Scenario
ADJUSTMENTS: We primarily place AMD in the final stages of a long-term uptrend. The corresponding top should be formed in our red Target Zone ($689.65–$762.45), after which we expect a more substantial correction.

Long-Term Outlook
ADJUSTMENTS: The daily chart confirms that, within the ongoing uptrend, we continue to expect gains into our red Target Zone ($689.65–$762.45). After that, a correction phase is likely, before renewed gains at fresh all-time highs could complete another long-term bullish cycle.