AMD breakout of downward trendline Long
Updated
Pattern: AMD broke above its downward trendline and today pulled back.
Edge: Positive Twiggs money flow, the stock is entering a "squeeze".
Risk Management: Buying at $22.33, stop loss $18.94, PT1: $22.70 (right around gap fill), PT2: $24.80
Edge: Positive Twiggs money flow, the stock is entering a "squeeze".
Risk Management: Buying at $22.33, stop loss $18.94, PT1: $22.70 (right around gap fill), PT2: $24.80
Note
Sorry typo...Bought at $20.33**Trade active
PT1 reached and we took 1/3 profits. Updating Stop loss to above entry price ($21.00) to make this now a risk free trade.Trade closed: target reached
We got stopped out of the remaining shares, but already had some profits booked. Pretty decent trade. May look to re-enter if there is another setup.
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