$AMD TOP 20
Added 2024-09-01 18:09:59 +0000 UTCMixed messages here from the indicators, the RSI is showing a very healthy bounce on the 30 oversold level but the MACD is showing that the trend is slightly bearish, at least in the short term....we also have a clear rejection at the 50 and 200 Day MA....so I believe the pull back is not quite done here yet which is why we did not add this week.
$142 - $137 level is still possible which would be the ideal subwave 2 level to test and hold
$NVDA did not bring the bullish sentiment that many believed would come, so I believe the market is still digesting this information
It is still possible for the market to push higher for the first 2 weeks in Sept and then have a difficult 6 weeks until the end of October.
I will still wait until support is confirmed here and we see signs of a reversal here before adding.
