Long
AMD - Weekly suggest a possible big move
If we disregard that it is a weekly, that there is a story that "money makers manipulate the price after earnings", i would buy on the dip to 4, and hold through earnings - the bet may bring a double digit potential profit in case the price follows all the supports set up - RSI, MACD, RMI, CCI all have some sort of a support from a year ago. Although short-term, as the indicators are at tops, but the upside will follow higher than 4.5 and possible to the magical 5.00 mark.
High risk, but high winnings in case all proves right.
PS - kinda contradictory to the latest daily chart, but this is the big picture.
High risk, but high winnings in case all proves right.
PS - kinda contradictory to the latest daily chart, but this is the big picture.
A-shot investment and trading
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A-shot investment and trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.