$AMD TOP 20
Added 2024-07-06 15:15:30 +0000 UTC$AMD was a big mover this week and we were all over it.
In hindsight, the move was clear too,
a pull back in November '23 to the 0.5 Fib and bounced on the 200 Day MA too
a pull back to the 0.618 Fib in May and bounced on the 200 Day MA too
a small pull back in June to the 0.618 Fib at $154 and bounced
Now above the important blue support line, 50 Day MA and the wedge breakout level and in our Wave 5.
This should not have been difficult to hold for anyone.
120% runs over 6 months will bring standard pull backs, this is something we are used to.
Ideally we want to see a pull back to $165 to add again, which is the breakout level and a test of support, if we get this opportunity, we buy.
$AMD doesn't need to pull back to retest, it can move a lot higher from here if the strength is there.
