Update: Week In Review/Forecasting | #AMD #NYSE

Friends,

Over this past trading week, we offered predictive analyses and forecasts for most major indices, and decided to dissect into the major organs of these benchmarks.

In AMD, we called for a bearish market signal which lacked the bearish market reversal confirmation. And this remains true still as of this market closing day.

We had initially offered lofty targets and defined a probable floor at 4.05. However, in no time, our directional bias was perturbed by a major price-moving fundamental news release, as price was moving towards a pre-existing channel bottom. A review of the move allowed us to define a lower, more solid support, and indeed, a coiling price has remains ensnared around that forecast support.

OVERALL:
No change in our directional stance as we await said bearish market reversal confirmation; Looking ahead, a break below the channel bottom would infirm the bullish targets.

Original Chart:
- tradingview.com/v/CuxWkUEW/

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting


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