$AMD has still not caught onto the $TSM and $NVDA train and moved higher as aggressive as these two but I still like the set up here and I am still holding with a considerable position, so I don't intend to add just yet until I start see a move higher in an impulse move.
The pull back so far since $175 has been very standard, holding on the 0.5 Fib at $157, if the price can hold above this level or the 0.618 Fib at $154, $AMD may attract buys back here again.
My Wave 5 target remains at $250, many doubted my $TSM chart too and that moved exactly as projected, so stick with this as it remains in an impulse wave.
Jedi
2024-06-16 17:04:09 +0000 UTC