Advanced Micro Devices Inc
Long
Updated

$AMD Falling Wedge + Bearish Pennant - Bullish?

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AMD Falling Wedge + Bearish Pennant - Bullish?

AMD broke out of a falling wedge. It is holding lows of ~$74 and is forming a seemingly bearish pennant which should complete tomorrow, Friday. Selling velocity & volume has declined as it seems like buyers have stepped in.

snapshot

BTO AMD 10/2 $80c avg $1
Note
Call Entry +55% and holding.
Note
Calls were closed today for avg of $2.75 +175% and rolled to 10/9 $85 calls for $1.50. I am looking for upper targets to hit.

snapshot

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