To The Moon

$AMD(AMD)$

AMD - TA Update 8 Oct 2022

- Previously TA-ed level 58 from weak structure (July/Aug 2020) has played out, as AMD clearly seen to fall through easily

- 58 and below is now the real test of AMD resolve

- Relatively good structure between 52 and 58 with 55 being the bear flag pole extension (previously shared TA)

- 55 down to 48 has strong support structure, so worse case is 48 should hold. 

Overall, expecting 58 to be broken through, and 55 to be the basing level for AMD. 

52 is last line in the sand, breaking which we will see 48. 

Upside is clearly now limited by a huge oversupply above 74 (means to break 74 needs some herculean effort)

Please refer to previous AMD TA as clearly, all the price action has played out correctly (painfully)

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