AMD top or breakout
AMD at a crucial place. This looks like a broadening pattern where a #6 will need to be satisfied over coming weeks and months. A very good place for a top or breakout. 80% of the time I've seen these moves in AMD, it gets destroyed soon after. A lot of impulse and hype buying on the 'news'. This is a classic place smart money takes profit. Therefore, I cannot help but think: WATCH OUT NOW!
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resistance on upper TL right around 30. I wouldn't be surprised to see a spike back up. Patterns are just patterns and they can break in either direction. For all we know, AMD could be at 14 or 16 in the next year:
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*correction: for all I know, AMD could be at 60 or 14 in a years time.ملاحظة
glad I waited patiently for this short- Now is the hard part for me- how long can I hold? ملاحظة
might come up to 28.50. Good place to evaluate who's in control: ملاحظة
I'm allowing a large 'short' area for myself (red area).. even as high as a double top at previous high. Patience is key. But the history in AMD shows a serious respected downtrend at this level as seen on weekly chart (2nd chart):ملاحظة
some short term upside here? I wouldn't trust it. Larger renko pulling down:ملاحظة
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I see another 9% drop here. I'll use blue trend as decision point.ملاحظة
has the appearance of a bear flag: ملاحظة
amd touched my short term target today. Considering closing out for potential rally or holding on in case it breaks/crashes. what to do ملاحظة
I did in fact close out most of my shorts in 26's before I left for vacation. I held two calls and a few puts as a strangle for a big move. Today, that finally paid off. I'm taking profit on the calls and will now wait for a possible confirmation of a top on the upper trend line again or a fakeout above.. AMD could double top at the prev. high. It's getting back in my 'short territory' but I'm going to wait carefully and slowly increase position.. I've seen a lot of bullish looking fake outs go higher than expected ملاحظة
looking shorty again: 
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.