AMD continues to rally on the second day of this week in the middle of Fed meetings. AMD has been a hot stock to play in the semi-conductors sector after its stellar earrings a few weeks back. Volume increased also for this first quarter of this year compared to last year. seems like everyone wants to get piece of AMD before its start to rally again back to 160. i think AMD with their back-to back-to back performance and beating the ER expectations this stocks is ready to rally to its all-time high. But with the current market, where recession is just around the corner due to inflation. Along with geopolitical problems, supply chain issues and shortages of labor, are making the market unstable, along with tech stocks and other commodities. Here's my #STRAT strategy for AMD.
if you swing AMD from today, your next target for profit exit is 109.74 ( labeled with blue line)
if AMD breaks below 94.80, this will be your entry for puts and exit for profits at 90.48.
Hello everyone,
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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Note
This TA almost exactly what happened this morning. i didn't reach the buy target for puts but it does trap the bulls who swing their position yesterday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.