$AMD has tested the $115 price at the 200 WMA and the 0.65 Fib a number of times now and still no breakthrough yet above this important confluence level....this is likely not a surprise until $NVDA reports this week too.
I believe a strong $NVDA report will rejuvenate the Semi Sector and send this higher.
RSI on the WEEKLY chart is now at 30 too, so this is not where we would expect a top
We are still mindful that a rejection at $115 and this can come down to $91, but for me, this is a bigger opportunity and something I will be taking advantage of.
Ben Bublil
2025-02-28 11:04:16 +0000 UTC