AMD has been in a bearish channel since November 2021 (one year). I see no impetus for it to break above the top of the channel, and thus I expect it to fall significantly over the next month.Note
This is now a very high-conviction setup for me. I think I'll buy Dec30'22 70p, which are currently priced at 4.05 on IBKR. Depends how things look at the open on Monday.
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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.