AMD: When will it End?

Mar 1

For AMD, we've continued to see this rise since our last analysis, partly due to very positive news in the market about chips, indicating that chips look very promising in the near future, as expected. AMD rose by 9% yesterday, and pre-market, it's already opening up by 3% higher. We believe that the 161% mark will be reached quite quickly. This Wave (3) could potentially be much larger than the 227.2% mark, yet we think that this range will be a good point for the next correction to occur. However, we should quickly reach this level of $216.

It's important to remember that, on a larger scale, we are also in Wave III, which should be positioned significantly higher compared to the subordinate Wave (3), which lies between $216 and can reach up to $368 maximum. That would be quite impressive, but realistically, it's likely to be between $216 and $266.