AMD is beginning a turnaround. AMD bottomed at $1.65 and began a Cycle 5 Wave sequence. Wave 1 was normal and had a terminal point at $3.06
Wave 3 was extended with a terminal point at $8.00 (Over 400% of Wave 1)
Wave 5 was also extended with a terminal point at $15.55 (Approx 161.8% of Wave 3)
Wave 5 corrected with FLAT Correction.
Wave 5 now becomes Wave 1
The Higher Degree 3rd Wave has a projection of approx. $31.50 but since the lower degree Wave 3 extended over 400% of Wave 1 of the lower degree I suspect we will see the Higher Degree 3rd Wave to extend as well.
AMD is a STRONG BUYNear-Term (3-6 Months) Target = $31.50
-AB
Note
SOLD. 5 Wave Cycle Completed.
Still Long-Term Buy, I plan to buy more at lower levels (Retrace Levels).
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Note
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From the above chart, my target is between 1.382 & 1.618. STOP-BUY @ $16.58
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.