I think chain link will eventually break out of this ascending wedge pattern and head to $19, followed by a slight pull back then a pump to $24 in the near term. What do you guys think?
I'm noticing a bullish head and shoulders pattern on AMD. I'm thinking this pattern will drive the price up close to the $143 Fib Level, and that Wall Street will start their heavy buying prior to that $143 FIB level to ultimately drive the price up to $162 sometime in late September, early October.
I'm thinking AMD will eventually break out of this triangle pattern, and reach the 1.618 Elliot Fib Level which is equivalent to about $126 in the 3rd week of August. Then Intel will pay their wall street buddies to put out bad news on AMD to try and drive the price down. Then AMD's wall street buddies will put out more good news on AMD's Artificial Intelligence...
I'm making a slight revision to AMD's upside with a Pitch Fan. It seemed to make a lot more sense on where future price action is headed, as opposed to using a Pitch Fork.
I'm thinking AMD will hit that HKEX:120 mark a few days after the Q2 earnings call. And then in Q3, I'm thinking we are back at the HKEX:135 mark based off the Fib Extensions Levels and uptrend channel AMD is currently trading in.
