The Long Investor

$AMD TOP 20

Added 2023-12-08 06:48:44 +0000 UTC

$AMD has been dropping bullish news non stop lately and it is doing wonders for its share price and has produced a very uncommon Wave 1.

If the pull back we got over the last week and a half is Subwave 4, then it only went to between the 0.236 - 0.38 Fib, which was shallow and the Subwave 2 in early November was extremely small and rare but lets play the cards we are dealt.

I am still holding $AMD and will look at adding when we get a Wave 2 pull back complete.

The market had its strongest month in November in 30 years....which is remarkable, so these popular stocks ran, hard. I am up 38% now on $AMD but I do want to add more and will not buy at these levels.

My Wave 1 target has not changed, it has been in place since August, at this level and at this date, we just wanted more structural pull backs and they were not structural.