Overview: my last update of AMD was published on Oct. 23rd and since then I decided to only update NVDA on the usual weekly updates as I had the same perspective on both and they were basically doing the same thing more or less. Again my long-term view on AMD has been the same since my very first update (July 4th). On the update of Oct. 2nd, I came up with more precise target that AMD is going to bottom at 55.84 and the actual bottom happened on Oct. 13th at 54.57!
Update: looking into the hourly chart, I believe that AMD is in wave III of (c) of I of A of (5). Is it possible that AMD has not yet bottomed and makes another X wave (as a zigzag) and a Z wave into the next year for new lows? yes it is completely possible, but very unlikely in my opinion. Same as NVDA, I think wave II is going to take a long time on AMD.
Update: looking into the hourly chart, I believe that AMD is in wave III of (c) of I of A of (5). Is it possible that AMD has not yet bottomed and makes another X wave (as a zigzag) and a Z wave into the next year for new lows? yes it is completely possible, but very unlikely in my opinion. Same as NVDA, I think wave II is going to take a long time on AMD.
