AMD at the most important support level of past trading year..!
AMD reached 100 10 times since September 2021 and every time bounced back!
AMD made a flat bottom triangle between Aug-Sep 2021 and continued another bullish rally:
However, there is a big difference between a triangle after a Bullish rally and a bearish rally:
Moreover, it could be considered a very wide Head & Shoulder pattern(not a classic one):
Possible Simulation:
Conclusion:
AMD could retest the 125 once again and experience a drop to 72, the simulation pattern!
Do not short it here..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AMD made a flat bottom triangle between Aug-Sep 2021 and continued another bullish rally:
However, there is a big difference between a triangle after a Bullish rally and a bearish rally:
Moreover, it could be considered a very wide Head & Shoulder pattern(not a classic one):
Possible Simulation:
Conclusion:
AMD could retest the 125 once again and experience a drop to 72, the simulation pattern!
Do not short it here..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.