SamSuka
The Long Investor
The Long Investor

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$AMD TOP 20

From $171 yesterday to $181 today, with a difference 24hrs can make.

Price is testing the 50 MA on the 1hr chart now, so bulls will need to break through this level at $182 in order to move up to our Wave A target at $205.

I have shown the larger chart here to show how long Wave 2 was, so I would be surprised to see Wave 4 complete right now, as it is less than 3 weeks in length, compared to Wave 2 that lasted 5 months.

$AMD TOP 20

Comments

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Gareth Neary

Understood Sensei

Simpson

Yes there is theory about this....but what we must be able to see 3 waves for a corrective pull back and I can only see 1 right now.

Gareth Neary

I was under the impression that wave 2 and wave 4 tend to be opposite in quality? If wave 2 was so extended would we not expect 4 to be sharp?

Simpson


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