$AMD TOP 20
Added 2024-03-30 22:43:25 +0000 UTC$AMD showed this week that it is a serious contender in this sector and in spite of being down -4% at the opening on Monday, it recovered all losses and finished the week green and just at the 50 Day MA.
Importantly, it managed to hold the 0.38 Fib all week at $176 too.
I think $AMD is in a strong position now to get a relief bounce this week, as is $TSM and $INTC, as $INTC also held $42 all week too and finished strong.
I am not seeing signs that the Semi sector is finished rallying just yet.
Wave B can bounce as high as $210 here....or like $GOOG, it can bounce right back up to its previous high again at $227.
Comments
How can wave B go to 227? Wouldn't it break EW rules?
Abhishek Ananda
2024-03-31 04:49:23 +0000 UTC
