Advanced Micro Devices Inc (AMD)

[BUGGI1000]

Just a small bit of TA

You know, my mean workforce in the last year was at the
technical sight. I read so much, that for the really
necessary things stayed not much time - you know what I
mean.
I posted the slides earlier on WO today and so I will only
write a few comments in my not so favourable english. It
seem, that I could only improve this skill with speaking
in the country, who knows, perhaps I'm traveling through the
USA this summer.
But back ontopic. I didn't want to post things as always, I
wanted to find a few more aspects, especially when it comes to
stock goals.
When reading Jack Schwager he gave good prediction points for
the next move - whether this is on- or upwards. He called this
equal-distant measurement (of course the phrase has to be an
another one). So I looked into the chart and painted BOXES,
which represents the ongoing movement, from Low to High and
then the next wave from the low to the high. It seems you
catched it ...
When looking at the first daily candles chart you could see
very good these movements and the following drop. Also keep
an eye at the FIBU Retracementlevels - AMD seems to favour the
62% one. At the right side I painted two possible scenarios
for the coming movement - equal distant - you know. What is
the target price? Conservativ 25$, a small bit portion of
optimism 27$, because the starting point is right now hard to
catch.



In the next slide I went "BIGGER". Over 20 Years with monthly
candles. I made the same things which I talked above. Keep in
mind that once again the same colour represents the same
vertical distance and the broken lines only represent the
downtrendmovements - also the SAME distance.
Hard to believe, but the prediction points are really amazing.
Just do not look at 1 or 2$ - catch the MAIN Point. So what
could come next? You could see, that AMD traded the blue box
with the necessary correction.
(Could speak alot of that, but will try to explain things later)
So I painted a following green box, which is more conservative.
What do this gives us? Straight to the 35$ ...

You could also see the red lines, which are related to past
highs and now represents resistance levels. So its only im-
portant that AMD could climb through the 18$ level which gives
us breath for the next move. Remember the first short term
goal in the 25-27$ range.



Ok, I think you got it.
Now I made two more conservative looking charts with a small
portion of trend lines. Also here, just catch the main picture.
I could paint alot more, but these would only make noise.
First, the shortterm one:
- BB broadening
- candle 50% above BB - means caution!
- downtrendline broken - very good
- support through 3 gaps hold - very good
- stochastik signals overbought - just the first sign of a couldbe-correction
-volume stable - I expected more



Ok and now the last one - a longterm chart with also a few
trendlines, which is the way I see it. I don't write here alot,
but you could see a very good looking flag formation. Amazing
and this formation seems to be broken to the level above, which
is the normal way. The movement after a flagformation should
follow the past movement ... here we go.



BUGGI