AMD broke the lower long term trend line with no substantial support until the next Fib retracement that matches prior support. If time trends hold, end of Jan '25 could potentially be the start of a new uptrend.
Note
After yesterday, I try to remember that stocks do not trade only by a chart pattern. They follow:
- Technical analysis
- Fundamental valuation
- Sector performance
- Trader sentiment
- Underlying market and geopolitical conditions