$AMD TOP 20
Added 2024-06-20 10:56:55 +0000 UTC$AMD is a company we have charted accurately since the start of 2023 and I believe it has comfortably completed Wave 4 now.
Wave 4 pulled back more than expected which is the only blemish on this chart but we can see in Jan '24, they missed on earnings and this likely caused the further than expected pull back.
However, this presented a good opportunity for us to add to our position at a lower price.
I am now committing to $AMD and will not sell under any circumstances as long as the price stays above the 200 Day MA which is at $147 right now.
If there is a test and hold at this level, then I will add.
$NVDA and $TSM are front running the sector and I would not be surprised to see some rotation into $AMD and $SMCI next when the market feels that $NVDA is no longer worth an add....it is now the highest valued company on the market, the target is now on its back.
