$AMD TOP 20
Added 2024-01-01 18:26:34 +0000 UTC$AMD continues to push higher and it is looking like it wants to test the All Time High line at $164 before pulling back for anything substantial.
I don't like the look of this bounce as both Subwave 2 and Subwave 4 are short and shallow and is not something I would typically feel confident about chasing.
Burry is shorting the Semi industry right now which I think is bizarre but he believes there is merit to a strong corrective pull back...I am not seeing this so far, I think a healthy pull back is possible but this is moving typical of a Wave 3.
I am waiting for a pull back here before adding.
The 50 and 200 Day MA at $122 or $110 would be ideal.
