AMD Elliott Wave calling the rally after ABC pull back
. In this technical article we’re going to look at the Elliott Wave charts of AMD Stock published in members area of the website. As our followers know, the stock is trading within the cycle from the 75.21 low. Recently, we forecasted the end of the short-term pull back (B) in blue and called for a further rally in the stock. In the following text, we’ll explain the Elliott Wave analysis and present target areas.
AMD Elliott Wave one hour chart 04.21.2025
AMD stock is showing a three-wave pullback against the 75.21 low. The correction already displays enough swings, and we expect it to complete at any moment. Our members know that in such cases we can easily identify the reversal area by measuring the Equal Legs zone (A related to B), which comes in at the 85.0–82.0 area. We expect buyers to appear within the mentioned zone and to see a further rally in the stock from there.
AMD Elliott Wave one hour chart 04.28.2025
AMD found buyers as expected at the Equal Legs area (85.0–82.0) and has delivered a decent rally so far. Now, we would like to see a break above the April 9th peak to confirm further extension to the upside toward the 105.82+ zone.
Author
Elliott Wave Forecast Team
ElliottWave-Forecast.com
