Long: AMD setting up to retest previous high

6 août 2023

MACD appears to indicate overbought sentiments are coming down. Charts show that approx 10 calendar days is likely to have AMD to retest the last previous high at about 103 on 21 March.

With 200 day/week crossing, it does look like AMD will setup for a bull run eventually.

27 août 2023

Note

Setting up as per previous forecast on Aug 6
Given that the previous high at 103 reached on 21 March was breached, we are now looking at either
1) the next drip at about 95 / next fib.
2) Retrace back upwards to 108 or 114

Negative MACD suggest we would likely see better clarity within this week