I think if $NVDA continues to hold above 0.618 at $106 then the 50 Day MA will be tested next at $118 and $AMD should move higher too.
$AMD's 50 Day MA is at $151, so if both companies flip their 50 Day MAs back to support then this is a positive move for the bulls
$AMD's set up for me is still more attractive right now, as it already gave us a full ABC correction down to the standard 0.618 FIb at $120.
Brian
2024-09-11 14:15:42 +0000 UTC