Wyckoff accumulation will never get old EVEN for AMD
Updated
was Richard Wyckoff behind AMD's price action since 86"?
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phemex.com/academy/wyckoff-accumulation The Wyckoff Method explained for wonderers :)
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Phase E:In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
Source:school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
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Trade active
TP 1 of $165 was as accurate as it can be, the price pulled back to the point of control of the pitch fork and bounced back, so far AMD is chilling beautifully in the Upper zone of the Pitchfork. As of now nothing has changed TP 2 of $265 should be next, it is only a matter of when, and my guess it will be slow (accumulation along the way) and then sudden (Mark up)
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