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Amdlong

AMD: Time to fill the Gap at 106Hey all, I wanted to give a quick AMD update this morning. After today's price action, the structure of AMD's decline has become more clear. I believe we have 1 leg down to go which should bring us to the 106 region and fill the gap that was left behind. This will be good for AMD longterm, as it is not a a good thing to leave open gaps behind in the chart. I will be adding heavily in the 106 region if we get there. Upside targets are still in tact. Good luck traders.
NASDAQ:AMD
by TomDaSpankEngine
2
AMD: Time to go longAMD underwent the C-Wave drop that we warned about in our update a few days ago. C-Waves are generally the fastest moving and harshest waves, so it is no surprise that AMD fell about 15% in just 2 days. The speed and depth of the move even exceeded our expectation. In fact, this move was so steep that it difficult to come up with a clear 5 wave pattern down. It may still just be 3 down so far. My base case is this: AMD has bottomed and will now begin its W-3 My bear case is this: AMD has 1 more low to make, which will likely fill the gap at the 105 level Either way my upside targets remain the same: 160 In 60 days, and 200 in 120 days
NASDAQ:AMDLong
by TomDaSpankEngine
1