$AMD Trend Reversal( Elliot+Divergence)
We can see at the 1-hour chart of AMD stock that:
1. ELLIOT WAVE
We see the 1,2,3,4,5 and the A,B,C completion of the cycle and the C probably will lie in the green rectangular zone possibly test the support zone at 34$.
2. Regular Bullish Divergence
We see in the price chart that the price at 27 of February was at 41$ and then until now is falling around $37, when the rsi in the same period is going up from 22 to 48.
So from the two these factors i expect a strong uptrend in the future and it will test the resistance at 52$ and will see if it breaks it.
1. ELLIOT WAVE
We see the 1,2,3,4,5 and the A,B,C completion of the cycle and the C probably will lie in the green rectangular zone possibly test the support zone at 34$.
2. Regular Bullish Divergence
We see in the price chart that the price at 27 of February was at 41$ and then until now is falling around $37, when the rsi in the same period is going up from 22 to 48.
So from the two these factors i expect a strong uptrend in the future and it will test the resistance at 52$ and will see if it breaks it.
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