I understand we have a lot of nice set ups right now but I suggest following our Top 20 charts if you are conflicted on what to focus on.
$AMD is another stock that is drifting higher and popped its head above its 50 Day MA this week but finished the week just below it....but above our blue support line.
$NVDA report their earnings this week ahead, so this will be the big elephant in the room, if it's bullish then $AMD will rise with it.....if its not, then there will be further ramifications, that will likely affect the market and not just this sector.
I am holding $AMD but will not consider adding before earnings for $NVDA.
I still consider this in Wave 5 now.
Avner Maimon
2024-05-18 19:30:17 +0000 UTC