Mechmathi
2023-09-02

AMD basing well; but 102 must hold.

- Previous sharing on likely basing between 102 and 95 continues to play out

- Fib retracement 78.6 is 102

- Fib retracement 61.8 from 4 may breakout is also 102

- 102 is a key level and has since formed the bottom well

- Note still in sell channel or the flag formation. Continued bounce off 102 could still be a bull flag breakout but early days

- MA5 close to MA20

My watch / Plays

- Sold multiple puts and they are all maturing very well

- Will increase puts if 102 gets broken down but stays above 95

- The basing between 102 and 108 does give good confidence of the support formation

Look good AMD does, albeit I like the entry levels of 95 down to 85 if possible.

Good luck, all.

@macroB @LMSunshine @CaptainTiger @TigerStars @Deposit @melson

$AMD(AMD)$, 

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Comments

  • Eskay_Tew
    2023-09-04
    Eskay_Tew

    Great ariticle, would you like to share it?

  • Ah_Meng
    2023-09-03
    Ah_Meng
    I just read another exactly the same post. Straight...
  • VivianChua
    2023-09-04
    VivianChua
    Good šŸ‘
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