$AMD TOP 20
Added 2025-01-11 12:56:20 +0000 UTCI wanted to add the $AMD chart earlier than tomorrow because I know a lot of members are keen to hear my thoughts on the price action from yesterday
But I think many members will know what I am about to write:
Price action did flush down yesterday due to Goldmans downgrade to $129 from $175, and the price action flushed down exactly to the 200 WMA to the cent at $114.45...and finished the week at $116.04
The Buy Zone has been at this level for some time and there is no changes here for this, I believe any price at or below the 200 WMA should be accumulated and a DCA strategy used.
The 0.78 Fib is at $91, so this is the next level to be tested if the 0.65 and 200WMA is not held and although it won't feel comfortable below the 200 WMA in your portfolio but this is the time you need to really focus on Long Term and take advantage of a good company on sale and consider this company as though it was in my Top 10 list for 2025.
I will be accumulating $AMD at or below the 200 WMA.
Comments
This will be back to $130 come earnings long term higher
Maria
2025-01-11 19:03:58 +0000 UTCWould this change any of the longterm projections where cap sees wave 3 ending at $320 a share
Auzair
2025-01-11 13:35:20 +0000 UTCWouldn’t necessarily say short term as it can take months - but yeah - short or medium term there may be downside that is worth buying for the long term
Vojtěch Šimeček
2025-01-11 13:18:02 +0000 UTCAh so the ‘bear case’ is a short term movement down to range on the chart however long term cap is still bullish? I hold a small position currently at a $143 avg and thinking of bringing it down
Auzair
2025-01-11 13:15:22 +0000 UTCBear case signaled for us that our original elliot wave count and strategy may fail. It is buy zone because there is a great value for long term if you handle the potential further down side. We are in a zone where the risks of further decline are higher but the reward for long term is very appealing. That is why Cap suggests accumulating for long term through the DCA method.
Vojtěch Šimeček
2025-01-11 13:13:33 +0000 UTCI’m new here so this may be a dumb question but what does the bear case range mean on the chart and if we are in that range why is it still a ‘buy zone’ or accumulation under the 200 MA
Auzair
2025-01-11 13:08:55 +0000 UTC
