There is a major gap in AMD's chart and now we wait to see if it CONTINUES To fill it. $AMD is up 0.62% today and the trace through this correction could last all week.
Just a quick touch here, with some chart work to show the reason for thinking of potential exit points to claim some profit. The volatility was high last top-out with a bit of a short squeeze that was later repeated... AMD is above average cost but has PLENTY of room to run, as shown by the higher top out (a previous high). Overall, this has all the makings of a very nice LONG. Although it would represent an annual high, AMD has its earnings report tomorrow. That could either accelerate its rise or stall it out: STAY TUNED ya dig.
HAPPY TRADING!
-BDR
Just a quick touch here, with some chart work to show the reason for thinking of potential exit points to claim some profit. The volatility was high last top-out with a bit of a short squeeze that was later repeated... AMD is above average cost but has PLENTY of room to run, as shown by the higher top out (a previous high). Overall, this has all the makings of a very nice LONG. Although it would represent an annual high, AMD has its earnings report tomorrow. That could either accelerate its rise or stall it out: STAY TUNED ya dig.
HAPPY TRADING!
-BDR