AMD laying path to the All Time High.

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Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below):

AMD A great long-term buy. First Bullish Cross after 1 year!


The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the short-term Channel Up (as you see it is a very common pattern within the wider structure) holds, we will be bullish, targeting 160.00 (Fibonacci 0.786 and close to the All Time High). If the short-term Channel Up breaks, we will sell and target the 0.236 Fibonacci and 1D MA200 at 110.00 (or if contact is made higher, then close on that price).

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