AMD My Long term strategy + Analysis
I plan to DCA at the green boxes, with the way the general market is looking I find it dangerous to hold onto most of my stocks.
AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.
AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.
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AMD has fallen to the bottom of the sell zone
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If AMD sees a lower low below 130 daily close, we may see a free fall to the first buy area from $100-$110
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In a move I can only describe as 'the most boring possibility in the multiverse' AMD has done exactly 0% today.
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This could possibly be a bullish gartley? The measurements seem a bit off, harmonic patterns aren't my forte. I'm betting on the likelier possibility that this H & S pattern forming will complete and take this to the first green buy zone!
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The H & S is complete but there is a problem: It bounced firmly, exactly off my buy zone. Now we make the tough decisions, is a relief rally coming or do we remain patient? I'm prepared to wait months on this, and be wrong.
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A close up shows a dragonfly doji on the daily along with a bounce off the red fixed volume line for the wick up, this could be a nice quick scalp to the 0.382 fib line around $128 but personally, I am not risking it. I will see how the $128-130 level tests before succumbing to greed