$AMD TOP 20
Added 2024-07-17 10:56:48 +0000 UTCAt the weekend we spoke about the resistance at the 1 Fib at $187, we have a pull back in the PM now to $171, we can see that this is a level just above the 0.5 Fib, so the pull back has been standard so far, if there is a further pull back to the 0.618 fib at $166, we will likely see the 50 Day MA move up to this level and this is just above the blue support line that we have been using for the last 7 months to define resistance/support and even now, it is only $1 or $2's away from another important Fib level.
My plan remains the same here as the weekend, a pull back holding on either level that we have presented here will give me a signal to add again.
Any holding above the blue line is effectively a retest of a very important breakout level and I will take advantage
