LARGE ELLIOT WAVE/SMALL ELLIOT WAVE $AMD TAKING SHAPE
AMD is basically perfect - this huge elliot wave pattern is finally entering its final leg up - something I've been tracking for quite some time. Felt like wave 3-4 would never end but alas it has. It has respected the overall trend line almost to the "T".
In addition it looks to me as if it just completed a smaller 12345 over the past few days - based on that it might (and should hopefully) have a pull back over the next day or two. $107.62 looks to be a strong resistance that was just broken - hopefully will be flipped to support.
Price target going into earnings is somewhere in the $120 -$125 range - also lots of options activity from $95-110 which is about perfect for that price level.
In addition it looks to me as if it just completed a smaller 12345 over the past few days - based on that it might (and should hopefully) have a pull back over the next day or two. $107.62 looks to be a strong resistance that was just broken - hopefully will be flipped to support.
Price target going into earnings is somewhere in the $120 -$125 range - also lots of options activity from $95-110 which is about perfect for that price level.