AMDAMD had a good run into the earnings season however
news is that with the expected or present recession
semiconductors as a subsector will fall a bit heading
into the third quarter.
The chart shows buy order blocks as a support are
far less than sell order blocks.
The MACD , a lagging indicator, shows the K/D
lines crossing over the histogram.
My idea is to take a call option contract for
a strike 5% below the present price.
Setting a stop loss at 10% of the option price
taking profit when the AMD stock approaches
above the closest buy order block at about
$ 98.45.
Do you have call options to suggest?
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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.