$AMD is testing the 200 Day MA from below on the 1hr right now at $108.
On the daily chart we are watching the 50 Day MA at $110.60.
These are the two levels that need to be broken above, mainly the 50 Day MA at $110.60 on the daily as this has been a stronger resistance line.
Once the price holds above this level then we are watching for signs of reversing and moving up for Wave 1.
Chris
2023-09-13 22:23:45 +0000 UTC