Trying AMD again today. 13.70 looks like good support (3 times previous strong resistance), and there's a curved uptrend since 5/1 ER drop. Setting SL below 13.70. Riding this up if this trend continues.
Dagangan aktif
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Looks like it had to double bottom @ 13.70ish before heading back up. Even better support area now. Looking ripe for recovery and higher highs.
Hey, I'm pretty new to the idea of trading, but how can a stock price dip so hard after an earnings report that everybody was so thrilled about?
samandreasfault
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@BRANDOOM, Hey. AMD is famous for not being able to hold gains. Especially in the $15 range. It is one of the most popular Robinhood/Millenial stocks, which means the stock is skittish. MMs can push this thing down easily, regardless of good results. That being said, this Q was a beat, and lots of catalysts coming up. I see 16+ in the future. You just need a good stomach to hold this stock.
@BRANDOOM, also, remember that the big boy money is in early and often get out when it's up. Everyone gets very excited when a stock is going crazy but remember that the smart money is locking in their profits.. and they are normally the ones that are in for the 20-30% gains