$AMD TOP 20
Added 2023-10-29 19:28:54 +0000 UTC$INTC reported on Thursday and beat on both fronts and the market really enjoyed it, up around 10% for the day then on Friday.
I am expecting $AMD to beat this week too on Weds after the close.
Our concern is that the price did not hold above the 200 Day MA and on the outside of the bullish descending wedge, if it held, then we would be very happy with this but it has shown weakness with the market....saying that, it has still held the 0.5 Fib above $93.
So a positive report and we could get back out of the wedge, the most important factor for me here is staying above the wedge and this will show strength.
I am also committed to $AMD and I do believe they are in the strongest position to gain ground on $NVDA and start looking at market share, their fundamentals are in a good position now too.
I will add in the buy zone here too if the price does drop down here, I am holding $AMD for long term.
We did not chase this at $160, we did not chase this at $130's when many did, my average is at $100 and I am very comfortable with that.
