$AMD TOP 20
Added 2024-12-15 11:48:46 +0000 UTCWe trimmed $AMD the moment it lost the $131 level this week and so far it has been the right decision as this was a signal that there was more downside to come with a lower low in.
We have identified a very strong confluence level between the 200 WMA at $114 and the 0.618 Fib at $120, so I believe the price will continue to move down to at least the$120 level next.
This is where the bulls need to step in or the price can drop down to the next Fib support level at $91 to the 0.78 Fib
I think a lot of buyers are waiting to set in here but support needs to be shown first.
I would have no problem adding again if support can come between $114 - $120
