Gentleman, it's time to buy AMD!
-Seems there is a strong support line at $12. The stock value bounced twice already.
-The fibonacci 0,61 testing of the upward trend of the last 3-4 months is also at the $12 line.
-The 200 day moving average sometimes a strong support, sometimes a strong resistor. It appears to be a support now. (Also around $12)
-The candles of the last 3 days kinda look like a morning star pattern.
-CCI is about to cross the middle line.
-RSI is in upward trend.
-MACD is about to create a buying point.
If we are optimistic, then we can say that an upward trend starting now, and the stock value will reach $14.5 in September or early October. (15% gain) Probably it will be like going up to 13.5-7, then back to 13.1-12.8, then up to 14.1-13.9 then back then up and so on and so forth.
The conservative prediction is that it loses the power at 13.2, as the last peak did, then goes down again. (5-5.5% gain) Maybe starts to go sideways, who knows.
PS: Crypto-mining skeptics you are wrong as you always were. It's still just the beginning.
-Seems there is a strong support line at $12. The stock value bounced twice already.
-The fibonacci 0,61 testing of the upward trend of the last 3-4 months is also at the $12 line.
-The 200 day moving average sometimes a strong support, sometimes a strong resistor. It appears to be a support now. (Also around $12)
-The candles of the last 3 days kinda look like a morning star pattern.
-CCI is about to cross the middle line.
-RSI is in upward trend.
-MACD is about to create a buying point.
If we are optimistic, then we can say that an upward trend starting now, and the stock value will reach $14.5 in September or early October. (15% gain) Probably it will be like going up to 13.5-7, then back to 13.1-12.8, then up to 14.1-13.9 then back then up and so on and so forth.
The conservative prediction is that it loses the power at 13.2, as the last peak did, then goes down again. (5-5.5% gain) Maybe starts to go sideways, who knows.
PS: Crypto-mining skeptics you are wrong as you always were. It's still just the beginning.
Comment:
And I almost forgot, +it just broke out from the pitchfork of the downward trend.