$AMD TOP 20
Added 2024-09-29 11:41:50 +0000 UTC$AMD has given us a great week, price went as high as $167, so we are sitting on nice profits now since our buy in the early $130's.
Crucially, we have been waiting for the the blue line to convert to support, after having no issue going above the 200 Day MA at $160.
Price finished the week at $164 so it is not a confirmed support level but happy to see this recognition, we still need to see more, once it holds then I believe it can move to our 1.618 Fib level at $197.
Adding at $164 when it confirms as a hold makes sense here.
Comments
Hi Adrian, this is a common question and it’s covered a lot in the learning centre which you will find in Collections
Gareth Neary
2024-10-01 02:36:03 +0000 UTCStill new to TA. What’s the timeframe to determine it’s a confirmed support level?
Adrian
2024-10-01 00:46:06 +0000 UTCHey Cap, the top of 2024, which wave was completed at 227?
DiegoTheSabre17
2024-09-29 17:40:21 +0000 UTC
