AMD formed a H&S topping pattern & has since broke below 100 psychological level & the neckline. It wants to retest 75, the neckline of a 2020 H&S that was bypassed because of the tech bubble. If the 75 neckline does not hold, the measured move may see a low of 49 or even a little lower.( due to the bigger H&S from ATH)
However, it will be good to start averaging down in the 64 to 49 zone because of the many Fib levels in
this area which may offer support.
Shortterm bearish but longterm bullish. Semi-conductor & memory chips will benefit from the gaming, Metaverse, AI, Automation & EV boom.
Not trading advice
However, it will be good to start averaging down in the 64 to 49 zone because of the many Fib levels in
this area which may offer support.
Shortterm bearish but longterm bullish. Semi-conductor & memory chips will benefit from the gaming, Metaverse, AI, Automation & EV boom.
Not trading advice
Almost there guys.