AMD
is beginning a turnaround.
AMD
bottomed at $1.65 and began a Cycle 5 Wave sequence. Wave 1 was normal and had a terminal point at $3.06
Wave 3 was extended with a terminal point at $8.00 (Over 400% of Wave 1)
Wave 5 was also extended with a terminal point at $15.55 (Approx 161.8% of Wave 3)
Wave 5 corrected with FLAT Correction.
Wave 5 now becomes Wave 1
The Higher Degree 3rd Wave has a projection of approx. $31.50 but since the lower degree Wave 3 extended over 400% of Wave 1 of the lower degree I suspect we will see the Higher Degree 3rd Wave to extend as well.
AMD
is a STRONG BUY Near-Term (3-6 Months) Target = $31.50
-AB
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From the above chart, my target is between 1.382 & 1.618. STOP-BUY @ $16.58
5 Wave Cycle Completed.
Still Long-Term Buy, I plan to buy more at lower levels (Retrace Levels).