ElliottWaveBelgium

AMD - Long towards 90/92 then bigger pullback before big rally ?

Long
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NASDAQ:AMD   Advanced Micro Devices Inc
Just follow the noted path.

If wave (iv) has ended then we should see the fifth wave higher, completing a higher degree wave 1.
We then need to see a corrective wave 2 that must hold above the beginning of wave 1 at 73.80 for this stock to rally to new highs.
Kommentar:
5 up and 3 down. Going higher from here ?
Kommentar:
AMD - alternate count - We could just be in a 3 waves correction here. Ideal bounce zone would be 79.50-79.90 but let's be flexible especially since we have bullish divergence on the oscillators.
Kommentar:
Reversing

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