Big question now will be if the party ends for $AMD at the $220 level, it's the 1.618 Fib level which is the perfect level to complete Wave 3.....but we are seeing so much strength in the Semi's at the moment....lead by $NVDA, $AMD and $TSM, so it is impossible to rule out this going higher.
If you are holding $AMD right now, you do not have to do anything, wait for the rejection, when it comes, it would make sense to take some profit, 20% is always a good start but to me this is clearly in Wave 3 now and a Wave 4 should come next before going higher, so 20% trim should be enough, to add again on the 0.38 Fib at $171.
Benson K
2024-03-08 22:34:52 +0000 UTCVojtěch Šimeček
2024-03-08 06:17:08 +0000 UTC