Pattern: AMD broke above its downward trendline and today pulled back.
Edge: Positive Twiggs money flow, the stock is entering a "squeeze".
Risk Management: Buying at $22.33, stop loss $18.94, PT1: $22.70 (right around gap fill), PT2: $24.80
Edge: Positive Twiggs money flow, the stock is entering a "squeeze".
Risk Management: Buying at $22.33, stop loss $18.94, PT1: $22.70 (right around gap fill), PT2: $24.80
Note
Sorry typo...Bought at $20.33**Trade active
PT1 reached and we took 1/3 profits. Updating Stop loss to above entry price ($21.00) to make this now a risk free trade.Trade closed: target reached
We got stopped out of the remaining shares, but already had some profits booked. Pretty decent trade. May look to re-enter if there is another setup.
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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.