Pretty new to TA, but I've tried to read up as much as I could before actually attempting something like this. I didn't look at the fundamentals, but it's AMD. It isn't going into super-dark times anytime soon in my opinion. On my end, I'm seeing the top where it touches a 3.618. It's going to drop from that point down to about the 1.618 before making a nice bounce back up. Then it'll flutter between that bounce near 2.618 (I don't think it'll actually 2.618 though, so a few pips below that) and the 1.618 bottom before breaking down towards the 1.000. I think we'll see it stable there, maybe an aberration or two based on earnings, before it restarts a bullish pattern. Time frame of this is unpredictable, I think it'll hit the 1.000 closer to the Jun-Sep 2019 timeframe; after that, who knows.
Comment:
I will not let this make me get cocky.