$AMD TOP 20
Added 2024-12-10 15:28:05 +0000 UTCI trimmed here yesterday because a two year support level was breached and I made it clear on the chart and in my commentary for the last few weeks that if the $131 level is triggered then I will trim.
We also have a lower low now so the impulse wave we were monitoring could not be valid in its current form.
The 0.618 Fib at $120 was the low in August and an important support level, I think this level will be tested again next.
Best case: it is a double bottom and moves higher after testing this level
Worst case: bulls don't hold support and the next test of support is the 0.78 Fib at $91.
Comments
I appreciate you telling us a day before that you have trimmed your position. But the whole year i kept hearing from you that amd will be 300 by eoy and u kept saying nvidea is overvalued. Just like you have been saying about pltr. Last year it was nio you kept saying nio eoy 30 usd and it even didnt cross 10 this year. I really went full on amd. And i hope this downtrend for amd soon finishes.
NalaikPanda
2024-12-10 20:48:12 +0000 UTCI finally moved out of AMD today. Reallocated 50/50 to Google and Amazon. Probably missing some upside potential and fully ok with that. Will probably re-enter next year if price hasn't jumped (which is now likely because I sold lol) too much.
Mark Bodenhamer
2024-12-10 16:54:20 +0000 UTCAlso 200wma is around 114USD just below the 0.618Fib. Sideways action to coincide these two would be nice.
Ondrashin
2024-12-10 15:54:30 +0000 UTCDamn I know their last earnings wasn’t the greatest but 2025 guidance seemed very strong, let’s hope it’s a double bottom 🙏
Treyy896
2024-12-10 15:45:41 +0000 UTC
