AMD looks to have completed an irregular flat for a minor 2 low at $11.44. Thesis supported on the 4-hr chart by the confluence of three indicators: + div on RSI 5, oversold RSI Stoch and %R. Short term price target is $14.66
And I hope you all have fresh felts hanging from your walls. Recall 3 weeks ago I shared a long strategy from $68.50. XBI found critical medium-term support at $66.66 and is up 20% since the 5/31 low. For wave counters, we are ostensibly in minute-3, of micro-3, of intermediate-3 of primary wave-5. After consolidating and forming a base from late March - ...
AMD is in the midst of a primary corrective wave. the a - wave concluded at $9.85 and the b - wave -- propelled on news of that AMDS's graphics chips would be included in Apple's new generation of Macs -- is tentatively labeled at $13.40 which coincides with the unfolding NAZ correction. Primary 2 price target is $7.70 which I expect to be reached on, or just...
XBI looks to be completing it's final leg down since this correction began in early-May. RSI on the 5-yr chart has reached levels not seen since the early-Nov 2016 lows. Long-term support in the RSI trading channel is currently being tested, and I expect it to hold and act as a spring board for Wave-3 to new all-time highs by early 2018. I am long from...