AMD: Uptrend Channel continues in 2022
After a big impulse wave down to lower end of channnel with increasing volume, AMD has completed a bullish M-Gartley pattern. Stochastics & Rsi are turning up. Both the wma50 & the Ichimuko Cloud will provide enough support to keep AMD inside this upchannel. Any possible break of channel to complete an ABC down will be short-lived as buyers will quickly come to the rescue.
After this downward expansion, I think AMD will take some time to consolidate with decreasing volume before another impulse wave up to BO of downtrend line towards upper channel. (A heaven for range traders)
AMD will continue to be a leader in computer processors in 2022, overtaking Intel.
Not financial advice
After this downward expansion, I think AMD will take some time to consolidate with decreasing volume before another impulse wave up to BO of downtrend line towards upper channel. (A heaven for range traders)
AMD will continue to be a leader in computer processors in 2022, overtaking Intel.
Not financial advice
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