AMD SlingshotBullish Biased on this one with or without the Earnings, but hoping for a template of reference elements to help navigate the journey of the future of this stock. While the path of the Stealth Icons should be self explanatory, the curved lines might not have meaning for the price action in the future but still should provide the broad idea I am looking for in this picture. Hopefully the stock remains in the cup and eventually explodes one way or another out of it above the top gray.
While the bottom gray might not hold in case of a prolonged corrective formation with different wave patterns and design, leading to an encounter with any of the rectangles, I firmly believe there is almost no chance of the price entering the green/blue zone polygon. I might be wrong, but still, it is an element to highlight my vision for this one.
Don't know if this one will prove to be as interesting as the Netflix Project, which is similar in design with the dotted path targets, but still, as usual in nen project, there will be updates, comments, candlestick analysis, bias confession, and more.
If the price does indeed eventually go up, my hope is that somewhere near the gray we might have some more candlestick related price action relative to the top gray. I expect not hectic but impulsive trading days for AMD and potential surprises that might disrupt the flow of the evolution of the price. Looking back on the past activity there are many gaps, many long candles so more of the same could be expected, especially near and after earnings.
