Rykin_Capital

Possible lagging diagonal on AMD. AMD

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NASDAQ:AMD   Advanced Micro Devices Inc
We called this one too early last time. Zooming on this one excessively, shows that we might be completing a lagging diagonal. In this case this may be a Wave C in an upward zigzag. Now, we are banking on actual motion down. Let's get Fibonacci to give us some goals.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
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First one!

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