We can see that $AMD has clearly bounced on the 200 Day MA now and broken above the $164 blue line now too.
Ideally we want to see a retest of this level from above but this time holding, this was not done this week but there is a second chance now and we also have higher high in now.
It must be said that after this retest of the 200 Day MA, there may not be a need to retest the $164 and this can go higher from here.
Wave 3 target remains the same at $197
Stanley
2024-10-04 19:05:53 +0000 UTC