Short AMD

٩ يناير ٢٠٢٠

This stock as been on a tear for some reason. If we see a correction I marked it on the chart what level we could see it reach. The bearish divergence on the daily chart signals it needs to come down. Also a P/E ratio of 250 isn’t healthy at all. This stock will drop and it will drop hard. $25 price Target or lower.

I feel like this stock is built around hype and nothing else. Getting puts far expiry date to cover earnings report.