$AMD(AMD.US)

General Trend: Up

Looks to have completed a leading diagonal OR an ABC correction pattern.

Next wave is critical. 3 waves down on lower volume favours wave 2 down and a continuation third wave up. Full bodied candles on heavy volume indicates 3rd wave breakdown and a deeper pullback near term.

Medium term price acceptance is tilting distribution but short term showing accumulation. Upper blue resistance line must be reclaimed to indicate bulls are in control.

Long term price acceptance favours accumulation.

IMO, cautiously bullish.

Disclaimer: NOT financial advice. Kindly do own due diligence.

@Longbridge Singapore @Bridge Buzz SG

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