Bulls are battling on the $165 level and the 0.5 Fib level at $159 all week and the 50 Day MA cuts right through this range too
This is an important range to battle in too because once the bulls convert $165 to a firm support, this will likely attract more buyers back into $AMD
We may also see some rotation out of $NVDA into $AMD as $NVDA has ran incredibly strong and is about to stock split.
I continue to like this set up here.
Abhijay CHOPRA
2024-06-05 16:04:22 +0000 UTC