AMD MAY HAVE A BULLISH SURPRISE BREWING

Most of the notes are in the chart, but here is my synopsis. AMD has had multiple patterns and I have made great returns swing and day trading the trends. we have seen a bearish Gartley, triple bottom, double top in this quarter just to point out a few. I took a small position at 10.49 (225 shares), and the rationale is NOT earnings beat, but the possibility of a cup and handle formation occurring. Many times there are patterns within patterns and the perspective changes based on the time interval of the chart. I have found the 4h and 1h have served me well trading AMD. On the 4h it appears as though the makings of a cup and handle are present, obviously no guarantee. What I think substantiates this is also the recent call option activity. I am completely leary of a move into earnings or a trade solely based on earnings potential with AMD. I use history when it comes to AMD. However, I think the juice is worth the squeeze. I will probably unload AH in earnings or pre-market day after.

Goal is 7% return with a PT of 14.50's......GLTA

This is just one guy's observation, although confident, due diligence is a cornerstone of trading and investing.

Komentarz:

Bought at 12.49 out at 14.26 waiting to see volume and options for rentry

Komentarz:

14.15/.5 fib level is key to continuation of bullish advance. imo, glta