Getting pretty tight

Advanced Micro Devices, Inc.NASDAQ

Description

⋅ Jun 23, 2020 2:23 PM

Riding the 50 dma with ema 9 and 10sma compressing. Any good news and this can explode to the upside

Comments

A-shot

⋅ Jun 23, 2020 6:19 PM

4h even more tight. do you take sides on these ones or wait only for the confirmation?

JXMFinancial

⋅ Jun 23, 2020 6:31 PM

@2use, Yes I have a position on this. Avg cost is right around 52.5 which is also my stop. Its pretty much a free trade for me at the moment.

BenzuJK

⋅ Jun 23, 2020 5:40 PM

What about the downside?

JXMFinancial

⋅ Jun 23, 2020 6:31 PM

@BenzuJK, DS would be a break below the double bottom at 49.09. This built a volume shelf around 52.5 which is my stop right now.