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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