$AMD TOP 20
Added 2024-09-07 19:21:28 +0000 UTC$AMD finished the week just slightly below its green 0.618 Fib for this pull back, so there is weakness here but we need to give the price a chance to recapture this level, like a test of confirmation, one move is not enough normally
Price finished at $134, right back to the level we had bought at the start of August ($135) to catch the August euphoric run up to $162
Many believed $AMD would not pull back then but the market likes giving second chances, especially for subwave and wave 2.
$AMD needs to find support on the small green fibs as shown or the $120 amber support level on the larger 0.618 Fib will need to do its job again.
This will likely come down to how $NVDA behaves on its 200 Day MA or testing its own August 5th low.
I am open to adding again but we have waited a month now, we can wait a little longer until support is found.
Having a number of options available to us helps us stay patient and right now there is a lot of opportunities to buy or add ONCE support is found.
