TyphooN-

AMD long term view

Long
NASDAQ:AMD   Advanced Micro Devices Inc
Despite the news of Intel's Meltdown and Spectre vulnerabilities, I expect AMD to remain in the long term channel I have drawn for an elliot impulse wave. Support was found at the 0.786 fibonacci level and the bullish movement we have seen may have been accelerated slightly by the fundamental news. However I do not see any of the movements on the AMD chart to be out of the norm for it's current long established trend.
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