Hubert Senters here.
Let’s take a look at him be AMD, Advanced Micro Devices Incorporated. So it’s one of the biggest net gainers. Not the biggest but one of the biggest on the S&P 500 up $4.96 percent for $17. So looks good. Let’s see if we can find any old support and resistance back in the past. Looks like it’s off to the races later in June.
So now let’s talk about doing a micro target. Now, you could do major targets. So a major target will be gone from this low to that high and then pull back here and then it’ll give you that up there. So if we modify this and said it came to here like this right here and then like this right here.
So this went from up there to down here. It’s going to go to $20.06. We’re going to use a slightly different math model. We’re going to go from here from this bottom to this top back down to this bottom that’s when it gives micro target there. We’re just shortening the math at the Fibonacci extensions going to sort of saying this is the low that was the most recent high. And then it pulled back right there. Well, here’s first target $17.12. So the next few micro targets for AMD will be $18.06, $19.01 and $19.60.
Good luck. Hope it helps. See you on the next video.
Hubert.
