$AMD is up over 2.5% today, likely brought up by $INTC's strong earnings performance and we can see on the chart that it has so far found support on the 0.5 Fib at $93.62.
The concern here is that this is back in the wedge again, having not held support above it.
So we will need to watch to see if the 0.5 Fib is the final support level or this comes down to the bottom of the wedge again or the 0.618 Fib.
Baktash Azizi
2023-10-27 15:26:09 +0000 UTC