$AMD TOP 2O
Added 2024-07-19 16:39:45 +0000 UTCAnother volatile day today with a number of swings, mainly brought on my uncertainty due to the IT outage and some continuation from yesterday but I am still not seeing any breakdowns, just a test of firm support levels.
We can see here that the market is fully aware of the significance of the 200 Day MA here and has tested and held on this level so far, a close out of the day and week above this level and the market should start preparing for the earnings season to heat up next week.
I believe the market is expecting tech to still perform well but the guidance will be the variable that could hurt sentiment, as we saw with the mixed reaction to $NFLX's report yesterday, where they beat on earnings but gave a cautious guidance.
Like I said earlier, earnings will trump every macro influence over the next few weeks and as long as the structure remains, I will not alter my positions.
Comments
I will add that over the weekend when I upload all Top 20 charts
Gareth Neary
2024-07-19 18:13:51 +0000 UTCWhat would be the target for wave c?
THESTOCKS
2024-07-19 18:12:38 +0000 UTCYes this is a possibility for sure, especially since the bounce since May has been in 3 waves so far.
Gareth Neary
2024-07-19 18:05:23 +0000 UTC^ What he said - could this be subwave C?
THESTOCKS
2024-07-19 18:00:55 +0000 UTCCould we just be on subwave C?
DC
2024-07-19 17:04:38 +0000 UTCYes, quite easily
Gareth Neary
2024-07-19 16:55:15 +0000 UTCCould this dump before the earning just be a good sign ?
Luc
2024-07-19 16:46:15 +0000 UTC
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