Will AMD recover and catch up with NVDA? updated/Revised Outlook

26 בדצמ׳ 2024

🔸Hello traders, today let's review 2days/candle price chart for AMD.
Price contained within bullish channel since 2021, however currently
pullback/correction in progress.

🔸65% correction in progress, based on previous swings expected to complete at/near 88/90 USD in Q1 2025. Until then it's recommended to stay out.

🔸Once we bottom out near 90 USD in Q1 2025, expecting bullish swing 265% gains off the lows, so projected high is 310/320 USD.

🔸Recommended strategy bulls: Bulls wait for correction to complete at/near 85 usd in Q1 2025 and get ready to BUY/HOLD. Bullish impulse / reversal off the lows price target based on measured move projection is 310/320 USD. patience required, do not expect miracle/overnight gains in this market. good luck!

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