Long

AMD (19) Falling wedge!

Updated

AMD Consolidation seems to be over! Rally starts prob. on Monday, Tuesday (Wave 3).

Note

Further details:
from line studies (wedge formation): Peak at 13,30 (1) and Low at 11,21 (2) with a preceeding exhaustion gap! A more detailed view shows, that the upper reistance line could be steeper, with a breakout at 09:30. From there, the price "walked" down the line until 13:30 with low volume. - AMD's price target could be at $ 13,30. Alternatively (according to Bulkowski), (1)-(2)= $ 2,- x 0,70 = 1,40. Then, $ 11,42 + 1,40= $ 12,82 as another target. If all findings are valid, the correction should be over, but please keep in mind, that a retest of the support-line could also be possible.

from Elliott counts (1min): AMD has finished a "Minute"-wave 2 (0,76 Fib. retracement) ABC-correction and is now in a "Minuette"-wave 3 with a probable target at $ 12,31 ( as a Extension 3) The target on a "Minute"-scale on a daily chart could be $ 16 (as a Extension 3) at 2017-06-22.

Let's see what happens next.
.

Note

Yesterday, AMD made another wave 1 and 2. ("Subminutte"). Targets unchanged.

Note

SORRY, "Subminuette"-wave 1 and 2are a 3 and 4 of the same wave-degree.
Yesterday, AMD finished "Subminuette" wave 5, "Minuette"-wave 3 and is now in
a 4 with a prob ZIGZAG - pattern. Targets for this correction are:

1.: Fib. 0,24 ($ 12,52)
2.: Fib. 0,382 ($ 12,27) If this is the case, the following "Minuette"-wave 5 would be extended (Extension5) with target beyond $ 15,-.

Target for "Minute"-wave 3 ($ 16,-) is still valid!

Knock on wood!

wolfah

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