$AMD : THE BIGGER THE RUN, THE BIGGER THE MACRO TEST ๐
AMD has made a crazy move from around $1.61 to above $600, turning a small investment into a massive return.
The long-term trend is clearly powerful, especially after AMD broke above its multi-year downtrend.
But one thing keeps me watching closely ๐
On the 3-month chart, AMD still hasnโt experienced a deep macro retracement toward the major Fibonacci zones.
That doesnโt mean the top is in.
AMD could continue pushing higher, but if a major correction comes in the future, the $60โ$30 area could become an interesting long-term zone to watch.
It may take years, not months.
For now, Iโm watching the macro structure instead of trying to guess the exact top.
AMD has made a crazy move from around $1.61 to above $600, turning a small investment into a massive return.
The long-term trend is clearly powerful, especially after AMD broke above its multi-year downtrend.
But one thing keeps me watching closely ๐
On the 3-month chart, AMD still hasnโt experienced a deep macro retracement toward the major Fibonacci zones.
That doesnโt mean the top is in.
AMD could continue pushing higher, but if a major correction comes in the future, the $60โ$30 area could become an interesting long-term zone to watch.
It may take years, not months.
For now, Iโm watching the macro structure instead of trying to guess the exact top.
