Advanced Micro Devices #AMD
AMD Elliot wave analysis with a short opportunity for one more wave to the downside.
💪️ Strong support between 14.50$ – 16.50$. Lines up perfectly with the 0.786 fibonacci retracement at 14.40$
📉 Still in a downtrend and facing resistance every time at the 21D EMA as well as the 21W EMA
❕️ RSI lower highs between bounces
🐻 Bearish looking weekly MACD histogram