AMD could hit 200 soon

The structure of offers the price to hit 200 soon, the path down seems to be a trap.
Looks stupid, but all good ideas do so. Cross fingers.

Note

... what I want to see is an attempt down that fails or is very week or much better with push up to 153 something. If we have a massive down move, idea could be wrong.
Manage risk means for egs your position size shall not bring you in mental turbulence no matter what happens.
If you are addicted to "trading" (most seam to be) at least manage risk.

Trade active

The logic behind the idea is valid: we should be in a hard retracement before further UP move kicking thouse sitting short and horny for the move to 130$.
We should take 130$ down one day, but now is not the right time, no reason to do it, I think.
INTEL and NVDA dont look like down too.

Note

... there is some suspicious new sign, that the move is not going to be as quick as anticipated before.
I would say the chances are 25% up, 50% we have a range to the side of around 2 weeks and 25% down.
I wouldn't buy short time options but it can be wrong.

Order cancelled

The idea was that 148 is the price to look for long with expectation for towards 200 something.
Finding the price at 134 is nearly 10% under the level instead of expected sharp up move tells that the assessment of structure was wrong.
It doesnt mean the presures in structure (reason for the idea) for UP is not there or disappeared but the price move against the idea was too big.
Accurate recognition of a range (still under question) alowed not to be hit badly.
This idea/trade should be considered as closed since there is risk of further down.

vladimirvonhalle

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vladimirvonhalle