$AMD got the bounce at the 200 Day MA and could not be anymore textboook if it tried.
As I said in the update at the end of the week, the 50 Day MA is mirroring the yellow trend line at $107 right now, so this is the important level to break out of and flip this level to a support line.
Let's be clear here, if support is found above $107, this is a buy signal, you do not need me to send a buy alert, the chart has been perfect, this is where you take control of your portfolio now.
Wave 5 goes as high as $185....so waiting for this confirmation at $107 is worth it, as the upside is rewarding.
Lyndon Richards
2023-10-01 20:40:19 +0000 UTC