AMD is coming up on an important week. Lately it has ran to test resistance at 96 and the selling pressure, combined with a small marketwide selloff, caused the stock to break under support at 91.70 and gap down to support at 87.50, off of which we have seen a solid bounce. Good potential on both sides here with a run to all time highs seeming likely, but a looming head and shoulders pattern best visible on the Daily and weekly. Other areas of note is that we have gapped down under the 10 day MA, as well as the daily chart MACD heading towards a bearish convergence.
TRADE IDEAS: CALLS: Risky Entry: Break and hold over 96 Entry: Break and hold over red trendline Contract: AMD 7/23 97c PT: 98, 99, 100 Lotto PT: 102 105 110 Stop Loss: Break and hold under 93 Re Entry on Stop Loss: Same as first entry
PUTS: Entry: Break and hold under Blue trendline Contract: AMD 7/23 89p (Will most likely be ITM at purchase to give more breathing room for bounces) PT: 87.45, 85 Lotto PT: 82.5, 80, 78, 72.75 Stop Loss: Break and hold above blue trendline with strength Re Entry: Same as original entry
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.