Something I have said for years is that the market loves giving you a second chance.
Just as we saw $NVDA pulling back to the $140/$141 level yesterday and holding, and being up +1% in the PM now....we can see that $AMD has pulled back exactly to the 0.618 Fib now this morning, almost to the cent.
The 50 MA on the 1hr chart is here too.
Today and for the rest of the week, bulls only need to see a hold above $120 and we will have three consecutive holds at and above $120 and keeps the impulse wave current.
Those looking for an entry should be happy to add once a higher hold is confirmed.
DC
2025-01-10 18:57:35 +0000 UTCParikshith Janagama
2025-01-08 15:26:08 +0000 UTCHS
2025-01-08 15:19:20 +0000 UTC