Great Gap Today. Though it's a gap and go, I expect that it will retest the strong support/resistance level. May take a day or two before trade triggers. Ultimate target will be 16.32 if I'm willing to hold the position for a month or more potentially.
Bought the pullback to my zone highlighted in yellow. Looking ready to resume uptrend at this level.
Was able to buy some below setup entry point. Reacting well so far.
Entry: 9.48
Stop Loss: 9.24
Target 1: 10.5
Target 2: 11.25
AMD is rolling over after breaking down from an upward channel. Now it is in perfect shorting territory. As earnings in 2 weeks time, we would consider option play for the earnings.
Trade Criteria
Date first found- January 13, 2017
Entry Target Criteria- from current label
Exit Target Criteria- $7.67
Stop Loss Criteria- $11.07
Options: $10 Apr-17 Puts @...
AMD came in our Mastermind class last Friday while doing Finviz scan. Looks a very perfect shorting opportunity as it is breaking down a Rising wedge formation. Moneyflow crossed down its uptrend & seems falling sharp.
Trade Criteria
Date first found
Entry Target Criteria- Break of current label ($10.55)
Exit Target Criteria- $9.07 & 7.43
Stop Loss Criteria-...
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) corrected over the last two weeks (finally). The stock had been on a one way track from $2 in January 2016 to over $12 in December 2016. There had only been minimal pull backs all year long. That changed in January 2017. The stock fell from $12.40 to a low today of $9.81. This is a corrective move of 17.5%. More...
