AMD : Potential Head & Shoulders - What do you think ?

NASDAQ:AMD   Advanced Micro Devices Inc
336 11
Being long AMD , I have been following the chart for quite a long time and I have noticed a potential Head & Shoulders . What do you think about it ?
how about the gap, I expect they fill the gap then drop again
I agree with the Head and Shoulders pattern. I don't think the recent crash was an overreaction.
@monstermike, Thank you for your feedback
You seriously think this will go down to $6? I expect a lot from Q2, Q3, and Q4 especially considering how the market overreacted to Q1.
@worldsapart89, Maybe not 6 but 7.44. I hope not but that is my feeling. Rationally, the pattern tends to indicate a harsh correction. I agree Q2 and by extension Q3 could (should) destroy this analysis.
A lot of positive catalysts on the horizon, which would completely overturn any technical predictions here. I think 11-12 will be the new floor within the next week or two, going forward into Q2 E which will likely be a beat.
@xenxes, It would be mad to short Q2 indeed. I am personally long till a bearish reversal is formed and I will use the 11 range for my stop-limits after we pass 11.5/11.6.
xenxes WaitingToShortTheNextCrisis
@WaitingToShortTheNextCrisis, FYI with this stock there is usually a short term reversal after a product launch (next is Vega): (1) AMD is no good at marketing; and (2) there is always a small bug-correction phase after any hardware launch.
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
I think it wont go to 12.3 maybe 11.7 then go down
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