Scenario 1 (red) - dead cat. AMD goes to test the flag bottom trend line and burst out on catalyst (e.g. new product release and updated guidance on demand).
Scenario 2 (green) - AMD continues but fails to breakout of flag structure while we wait for a catalyst (such as we saw with NVDA). This involves AMD hammer on daily bouncing on decent support from previous ATH that were set.
I lean towards red scenario as I am a MACD man and I respect the macd crossover here. We will find out next week which scenario plays out. Either way. Respect the trend lines and buy dips.
Kommentera
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red scenario playing out, more downside coming, buyers will come in around 78-80 range which is where i will start buying.