Ascending traingles on AMD higher time frame chart
Looks like AMD will be bottoming soon (~90's)
AMD is following the ascending triangle pattern and the descent it is experiencing right now is very similar to the ABC it had before. Similar projection from the top of ABC and if the similarity continues, it will fall on the green/support trendline and bounce. The stock might hit the trendline when the price is around 90's or it might just wick down to the trendline and bounce too.
Anything in the 90's should be a BUY in my opinion. Feel free to share your thoughts.
AMD is following the ascending triangle pattern and the descent it is experiencing right now is very similar to the ABC it had before. Similar projection from the top of ABC and if the similarity continues, it will fall on the green/support trendline and bounce. The stock might hit the trendline when the price is around 90's or it might just wick down to the trendline and bounce too.
Anything in the 90's should be a BUY in my opinion. Feel free to share your thoughts.
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