W1 Analysis of AMD NASDAQ: A Technical and Fundamental Approach
📈 Macro-Economic Fundamental Analysis 🌎
In the current global economic landscape, we see a mixed bag of indicators. The U.S. economy has shown resilience despite the Federal Reserve's ongoing interest rate hikes aimed at curbing inflation. Globally, geopolitical tensions and supply chain disruptions continue to create uncertainties. Despite these challenges, sectors like technology have demonstrated robust growth, driven by innovation and increased demand for digital solutions. AMD, being a prominent player in the semiconductor industry, stands at the intersection of these macroeconomic trends.
🔍 Technical Analysis: Modern Elliott Wave Theory 📊
Using Modern Elliott Wave Theory, we can delve deeper into AMD's price action. The analysis reveals that since March 4, 2024, AMD has entered a corrective phase characterized by a combination of zigzag and flat patterns, indicating a potential reversal. This phase has been crucial in setting the stage for the next market movement.
🔄 Corrective Phase and Reversal Patterns (March 4, 2024) 📅
The corrective market that began on March 4, 2024, has shown a mix of zigzag and flat formations, which are typical in Elliott Wave Theory when a market is poised for a reversal. These patterns suggest that the previous bullish trend was undergoing a necessary correction to prepare for a new phase of market activity.
🚀 Emergence of a Bullish Market (Since May 13, 2024) 📆
Starting from May 13, 2024, there has been a gradual emergence of a bullish market. The slow but steady rise in AMD's stock price points to increased investor confidence and a potential uptrend. This transition marks the end of the corrective phase and the beginning of a new bullish cycle.
📊 Key Takeaways:
Macro-Economic Factors: Resilient U.S. economy, global uncertainties, robust tech sector.
Elliott Wave Patterns: Combination of zigzag and flat since March 4, 2024.
Bullish Signals: Gradual rise in stock price since May 13, 2024
In the current global economic landscape, we see a mixed bag of indicators. The U.S. economy has shown resilience despite the Federal Reserve's ongoing interest rate hikes aimed at curbing inflation. Globally, geopolitical tensions and supply chain disruptions continue to create uncertainties. Despite these challenges, sectors like technology have demonstrated robust growth, driven by innovation and increased demand for digital solutions. AMD, being a prominent player in the semiconductor industry, stands at the intersection of these macroeconomic trends.
🔍 Technical Analysis: Modern Elliott Wave Theory 📊
Using Modern Elliott Wave Theory, we can delve deeper into AMD's price action. The analysis reveals that since March 4, 2024, AMD has entered a corrective phase characterized by a combination of zigzag and flat patterns, indicating a potential reversal. This phase has been crucial in setting the stage for the next market movement.
🔄 Corrective Phase and Reversal Patterns (March 4, 2024) 📅
The corrective market that began on March 4, 2024, has shown a mix of zigzag and flat formations, which are typical in Elliott Wave Theory when a market is poised for a reversal. These patterns suggest that the previous bullish trend was undergoing a necessary correction to prepare for a new phase of market activity.
🚀 Emergence of a Bullish Market (Since May 13, 2024) 📆
Starting from May 13, 2024, there has been a gradual emergence of a bullish market. The slow but steady rise in AMD's stock price points to increased investor confidence and a potential uptrend. This transition marks the end of the corrective phase and the beginning of a new bullish cycle.
📊 Key Takeaways:
Macro-Economic Factors: Resilient U.S. economy, global uncertainties, robust tech sector.
Elliott Wave Patterns: Combination of zigzag and flat since March 4, 2024.
Bullish Signals: Gradual rise in stock price since May 13, 2024
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.