Strong response from $AMD today after yesterdays retest of the 0.618 Fib and the bottom of the wedge trend line. Price has bounced back up to the blue line and the top of the wedge now to end the day.
Stick with this.
Arguably $AMD is behind $NVDA, the market leader....and may benefit from some rotation from $NVDA into its close rival.
I am in the 'I want to buy again camp' right now but we want to see the blue line converted to support, we have waited long enough for it, we can wait a little longer.
So lets wait for the wedge breakout and conversion of the blue line at $165 to support before adding
Treyy896
2024-07-05 14:36:41 +0000 UTC