$AMD TOP 20
Added 2024-11-26 10:30:16 +0000 UTCThe good news is that we have so far found support on the bottom wedge trend line
Price has bounced very well from $132 to $141 this week
Moving in an impulse wave since $132 too
Has made a higher high and higher low now
Holding relative strength to $NVDA's selling pressure
Just breaking out of the wedge to the upside now in the PM
And I have added the small impulse wave to reflect this movement and I like how the 1.618 Fib aligns with the 200 MA on the 1hr chart, making this a confluence level
If we can see this play out, a move to $154 and then ultimately the blue line at $164 is possible next.
Comments
Hope it helps - let’s make some money!
Chris H
2024-11-27 10:53:50 +0000 UTCThank you buddy
fahad khan
2024-11-27 05:21:01 +0000 UTCWith this chart I wouldn't put in a buy order at 132. 132 is the lower end of the wedge. Getting a buy at that price may be a falling knife if the price goes below and enters the bear case. I recommend waiting for a hold to make a buy. That higher low will show support confirmation and show strength.
Chris H
2024-11-27 01:22:50 +0000 UTCCap I don't see Amd testing 132 this week Am I missing something November lowest 133.65 on November 14th Reason I am asking bcz I have a buy order on 132 It didn't get filled either
fahad khan
2024-11-26 16:20:50 +0000 UTC
