Elliott Wave Patterns for Advanced Micro Devices (AMD)
A Trendy Stock Charts member request came through for Advanced Micro Devices. Specifically, the request was to analyze both the shorter-term and longer-term Elliott Wave patterns for Advanced Micro Devices (AMD).
I will first look at the longer-term possibility.
AMD - Long-Term Elliott Wave Patterns
This first chart for AMD is a 5 year weekly candlestick chart. I will use this chart to analyze longer-term Elliott Wave patterns for Advanced Micro Devices (AMD).
I placed 3 different Fibonacci Extension Tools on the weekly chart to help calculate price targets and analyze the uptrend in progress. From a longer-term perspective, Wave 3 that is in progress has only been in progress for 5 months so far. Wave 1 took 2 years to develop.
I feel there is a great chance that Wave 3 is going to develop into …...
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I continue discussing the probable price targets and objectives for its share price both in the short and longer-term.
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