DayTrade/Overnight. AMD potential resistance @ 1D TL & supply 5m

AMD approaching supply on the 5/15 min chart:

AMD approaching TL rejection/ resistance on the 1D chart:

I need another confirmation and I will enter.

Note

Took my +20%. I have a rule if I get +20% same hour I sell no matter what.

I will track it to see if it was a longer-term good trade and refine my strategy.

Note

Update:

Ripping now! It's up +45%

Trade closed: target reached

This was a daytrade yesterday. Didn't realize left it open. Nice nonetheless!

Note

The overnight aspect also worked. The puts are up +100%. The trendline resistance on the daily was strong enough to push it down almost 2%.

Trade active

You can see how this trade transpired. Called the exact top on AMD @ 108.52. These trendline rejections can be very profitable.

kingdips

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.

Also on:

Related publications

Look for support and resistance lines to help with daytrades

by kingdips

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.

kingdips

Also on:

Related publications

Look for support and resistance lines to help with daytrades

by kingdips