Advanced Micro Devices Inc
Long
Updated

AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88

499
If you remember my post from earlier this/ last week, my max dip on AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on ES1! NQ1! SPY QQQ

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200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.

Watch this critical level here.
Trade active
Super bounce. +68% on January.

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How did everyone do on this trade?

It's up roughly 8-9 points since the call out.

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Up 10% since first post. Watching for rejection or breakout here.

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+12% already here. I am expecting a pullback before a continued breakout. That would make it a healthy breakout. AMD bulls are strong and "hold the line" lol. So we'll see.

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Trade active
I did close January calls today for +68% and +101%. And some shares for +8% from average.

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