AMD
503.6003.36%
H
May 14 at 08:07 AM
$AMD(AMD.US)
Have a look at AMD’s technical picture and price action. Clear five waves up as a fifth wave of another bigger five waves. Exhaustion gap on this mini five waves up. Island cluster of price holding above that gap on declining volume and momentum.
As I mentioned many times, technical analysis is not a prediction. It is a quantified illustration of collective human sentiment towards a particular object which is ownership of AMD here.
And my read of the sentiment is irrational exuberance. And this sentiment can go on for some time pulling in even more bulls.
Be careful. Price is so high, more exit liquidity is required so smart money can keep this going longer.
Stay safe!
@Bridge Buzz SG
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