Elliott Wave trading setup ADVANCED MICRO DEVICE INC (AMD)

ADVANCED MICRO DEVICES INC (AMD)

 

AMD is reaching the 5th wave in the rising wedge as we can see on the Weekly chart in the rising wedge 77, by setting this level to be medium to long-term top.

 

AMD weekly Elliott Wave chart
AMD is reaching the medium-term top

 

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From the reached top 77.05 ABC correction will be on the way with the first target for the short position at 66 and a final target before a complete reversal to the downside or an upside continuation at 59.

 

 
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