AMD Potential Long. 85% Win Rate. Using the above chart as a Macro indicator you can see that the time to buy AMD has arrived.
Each time the RSI moves to an oversold position in the 3 week we often see great returns. The exception being 2008 where the period was much longer than usual.
Yesterday I finished back testing AMD from 1972 to 2025. I came out with a 85% win rate over those years. I did not use the chart above either as it would have created an unfair bias for my normal trading strategy and rules. 1994-1995ish was the first bad trade and another stumbling block was 2008-2009. As it was very drawn out and stop losses were triggered.
Using the 85% Win Rate strategy and using the above chart shows us the following:
RSI: Tickled the oversold zone. I am sceptical of this as I do not think the move will be a massive one as it barely touched the zone but in previous years we will still see a 30-40% move in similar cases.
Phoenix Bollinger Bands: This indicates that price is where its suppose to be. On lower timeframes it also shows that price does have the potential to expand to 130-140 range.
Strategy: The strategy that I use is indicating that the 2 week buy signal is 2 days away from confirming.
I have the following things to do:
1) Update tomorrow if Buy Signal is confirmed. If was more aggressive I would be buying today but because its only a 85% win rate and not 90%+ like the others I will wait.
2) Regardless if price goes down from here or not. I will start to build a position from tomorrow.
Sorry that I did not post all the charts etc in this one today. I am just a bit busy with my own trades and thought I would try get this out ASAP.
Have a blessed day and Stay Adaptable.
