AMD -7.03% has formed a sharp downward triangle on the 1h chart (looks like the beginning of a Gartley). Lots of sell strength, only people buying are the ones who missed the pump and think they are buying the dip - BIG MISTAKE. Proof? Check out the Accumulation/Distribution , and you will find the beginning of a new peak, a new era if you will...
AMD -7.03% historically initiates a pump and dump ritual every decade or so. What is interesting this go around is that AMD -7.03% did not make it quite as high, which in my opinion is a good thing for the stock overall (shows that people's expectations for AMD -7.03% , although overblown, are factoring in irrational exuberance). If this thing follows the historical trend (confirmation bias has a tendency to instantiate the past) we could go down as much as half value from here, to around $15. I would like to see AMD -7.03% stabilize around the $20 mark, which would be a first for the stock, and a very healthy sign long-term.
AMD -7.03% historically initiates a pump and dump ritual every decade or so. What is interesting this go around is that AMD -7.03% did not make it quite as high, which in my opinion is a good thing for the stock overall (shows that people's expectations for AMD -7.03% , although overblown, are factoring in irrational exuberance). If this thing follows the historical trend (confirmation bias has a tendency to instantiate the past) we could go down as much as half value from here, to around $15. I would like to see AMD -7.03% stabilize around the $20 mark, which would be a first for the stock, and a very healthy sign long-term.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.