$AMD TOP 20
Added 2024-06-01 15:24:46 +0000 UTCMixed week for $NVDA and some wild swings took place on Thursday and Friday as the market weighed up the implications of the PCE figures but as we'll discuss on the $QQQ and $SPY charts, I believe it is nothing more than a retest of a support level.
$AMD initially lost the 50 Day MA on Friday but regained it into the close and is still in a healthy position going into next week.
The bulls remain in charge here as the price is above the 50 and 200 Day MA, with Wave 4 holding on an important Fib level.
If $NVDA has one more leg up, I suspect $AMD will benefit from this too.
I like $AMD here and I am willing to keep $AMD in my long term portfolio.
Comments
By a number of observations, $AMD may have had its ABC correction already
Gareth Neary
2024-06-01 15:40:00 +0000 UTCIf the market is coming close to a final wave 5 count wouldn’t AMD be impacted by this as well if it’s to run into Sept?
Mo
2024-06-01 15:29:46 +0000 UTC
