Continues to behave as we have expected and no changes to our chart for a number of weeks now, we said before that this pulling back is likely to show early signs of what will happen with $NVDA and this was correct, as $NVDA has shown a lot of weakness over the last week, breaking down from the bear flag and rejecting a number of times trying to get back in and above the 1.618 Fib.
So What Now?
This pullback for $AMD will likely continue. The 50 Day MA is just below as a test and the 200 Day MA is coming up now to where we have our Wave 4. A hold at these support lines and we are into Wave 5.
John
2023-04-22 12:09:02 +0000 UTC