- General picture looks bullish: 30-oct-2023 - end of January 2024 we had increasing volume on a strong UP move.
- The move 8-march-2024 to now is a retrace with continuously drying out volume ending in minimal weekly volume last week.
- The over-low 2-May made no-one horny to sell. Last week no-one wanted to sell even for higher price at 155$.
- the down move below 174$ doesn't look neat. A lot of retail (I suppose this are most retail) holding shorts 174 - 145$ are weak handed and should give up when scared properly.
- Fundamentals picture is OK for up[Happy][Happy][Happy]
- media start to forecast +200% increase in PC sales for AI transition in households next 2 years with AMD main gainer
- No reasons for down except the price chart and trend lines. Buy call out of nothing looks stupid = reason for UP.
=> After a strong down trend it is hard to believe it is over, but as soon as bulls understand there is no more sell to come and those holding shorts are weak handed there could be the UP move I want for this week.
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