The Long Investor
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$AMD TOP 20
🕑 Added 2025-02-09 17:41:10 +0000 UTC$AMD continues to be the chart that everyone is talking about
Yes their chips are not as good as $NVDA
Yes the Mega Caps would prefer to buy $NVDA chips
But the market is large for chips right now and $AMD do provide an alternative if supply slows down and an alternative for companies outside of the Mega Caps
Capex spending has forecasted to maintain too
Since the 200 WMA and 0.618 Fib level did not hold then I would wait for a test of support at $91 next, on the blue support line and the 0.78 Fib.
