AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88
If you remember my post from earlier this/ last week, my max dip on 
AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on 
ES1! 
NQ1! 
SPY 
QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.
AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on ES1! NQ1! SPY QQQ 200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.
Trade active
Super bounce. +68% on January.Note
How did everyone do on this trade?It's up roughly 8-9 points since the call out.
Note
Up 10% since first post. Watching for rejection or breakout here.Note
+12% already here. I am expecting a pullback before a continued breakout. That would make it a healthy breakout. AMD bulls are strong and "hold the line" lol. So we'll see.Trade active
I did close January calls today for +68% and +101%. And some shares for +8% from average.
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CEO & full-time trader.
🔥 Join the free community: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
🔥 Join the free community: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
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.