Amdshort
AMD Short - might be your last chance. $21 to $14I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier.
Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the run up to $32 was just a massive short squeeze an long with analysts pumping the projected price. Just like a cryptocurrency. As you can see now, we're making a head and shoulders on the daily, and the last time we had this little shorts was in August, and on the 4hr we're extended and making bear divs. Target... $16 before the end of the year, maybe $14.
AMD Short-Mid Term Short ScenarioCould short with targets at green area. Or long at the green target areas.
Beware Longing though, this could very likely have much more downside than that green target range. Could go into the mid-low teens. May want to keep a portion of a short running past the target zone.
AMD Long/Short Scenarios, Keeping The Streak Going.My AMD calls have been monstrous for the past couple months so keeping the streak alive.
Long and short scenario. Either could happen.
The levels themselves are best places to enter/exit. But the zones around the groupings of colored levels are also acceptable.
We could hit the green zone, and pop to the orange zone.
If we go below red line at green zone, were likely going to purple zone. If we break the red line, you could short green area with profit targets at purple OR long at purple with profit targets in green/orange.
do not chase parabolic moves.buy rosh hashana SELL yom kippurThe old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did we learn from bitcoin when that happens. third, add trump, add yom kippur selling (keep in mind yom kippur begins WEDNESDAY NIGHT) that means SELLING occurs on monday and tuesday to unload shares prior to the wednesday holiday. Its a situation where there is fasting for an entire day (much like the muslim holiday ramadan) do you think the smartest guys in the room are making huge bets for their institutions when everyone else can trade that day and they cant, on an empty stomach? Sure, call me out and call this trivial, but look at the history. The facts are right there. I LOVE AMD, but right now I DONT. and thats ok. Get out while you can, do yourself a favor, turn yourself away from the stock market if you're perpetually long and save face. If you're short, this is your literal DREAM. I wish only the best of luck to the smartest guys using tradingview platform. Ive learned so much from the community here and i want to be able to GIVE BACK. God bless you all and i wish you millions if not billions in your individual brokerage accounts and/or retirement accounts. GODSPEED. NASDAQ:AMD NASDAQ:INTC AMEX:XSD
AMD SHORT OPPORTUNITYI swear I thought I published that idea 2 days ago or yesterday, can't really recall when I saw the set up. Either way, this is a medium term trade (1 to 2 months) so you have time to get in. It seem like a lot of tech stock are in distribution phase so look around, plenty of similar set up. Targets, entry and S/L on the chart.
Trade Safe!!!
Ps : Not Financial bla bla...
AMD Short - Based on Technical DataAMD broke down below the 9 day MA and the 50 day MA. I think that she is going to continue this action and will be looking to exit at the next point of support around 11.66. Stop loss is set at 13.50.
I am optimistic that the trade will be good to hold until the earnings report comes out. Now, my plan is that no matter what, I will be exiting the trade BEFORE the earnings report, so as to lock in profits.
AMD Clear Area of SupportAMD has been on a massive uptrend, the selling off right now is nothing to worry about. At first the market reacted badly to the Ryzen but in coming days I believe people will realize how good it actually is.
From a technical stand point the area's of support are between 12.92 and 12.42
AMD is trading above its 50 SMA which is widely referred to as the institutional buy/sell line, which also confirms the trend. If AMD cant hold between its support this will be the last place it can catch footing before officially turning around into a down trend.
Summary:
Short AMD to 12.30's
Buy AMD if holds at support levels, or 50SMA
Of course, this is just my own opinion, and do not take this as financial advice. Do your own research before trading stocks as there is great risk involved.
AMD shortI really dislike recommending short or long because I am a newbie and I just chart without news or feelings. So please take them accordingly.
This is outside the channel now volume seems relatively high on down move compared to last time.
12.63 seems to be the support on Weekly- Daily support is 10.99