🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: In 2016, the stock started its bullish run and created its first multi-year Bullish Order Structure (BOS) and also set an All-Time High (ATH). After a correction move last year, an important point to note is that the Point of Interest (POI) area held, indicating that bulls still have power and the stock...
Despite recent headlines we've seen between the tech sector / supply chains & AMD having security vulnerabilities in their old processors, mind you the coverage has it backwards IMHO & detecting security flaws on older model processors IS NOT negative coverage -- as opposed to what every journalist / financial analyst writing for Benzinga or Bloomberg would have...
As you can see AMD has completed the a-b-c-d-e pattern and is ready for a breakout. I think it will hit that 127% fib line which also hits the gann fann line. With AMD trading sideways for a long time now a breakout is well needed.
Low float, recent reverse split, right at that 78% line and only .28 higher than it closed before this big uptick. They just got FDA approval for the Valeo C+CSC with Lumen Interbody Fusion Device. They have waited a very long time for this. Its a big milestone
AMDA is spiking with a huge volume and a bullish divergence. If the price holds above the rectangle on chart i'm expecting one more wave up. Over 40% potential gain.
Both AMDA and GEVO were both in a symmetrical triangle wedge that broke out after decreasing volume from the initial large pop in volume upwards. Chart Created 8/3/16.