Buy the AMD Dip - But How Far Down will It Go?
- AMD fell on worse than expected earnings (-23%) and looks like it is pushing down along this downtrending pitchfork.
- This is a high growth stock going through a correction and not a crash. Buying opportunities exist at the below demand zone or along the uptrending pitchfork parallel line.
- Bullish divergence is evident and we may see the stock move back to the supply zone for a second rebound.
- Overall we remain bullish - This is massive growth stock and has returned 117% YTD.
- This is a high growth stock going through a correction and not a crash. Buying opportunities exist at the below demand zone or along the uptrending pitchfork parallel line.
- Bullish divergence is evident and we may see the stock move back to the supply zone for a second rebound.
- Overall we remain bullish - This is massive growth stock and has returned 117% YTD.
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