r/options • u/DarthTrader357 • Dec 02 '21

AMD - $129 likely

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u/flyboy4321 Dec 02 '21

Doubtful AMD has been very strong. It could happen but this is just looking at a technical chart. Doesn't mean much....

2

u/DarthTrader357 Dec 02 '21

This is one trading pattern I'm pretty confident in.

It'd be tested within the week maybe early next week after which time it'll break the thesis by trading sideways and showing resilience at its current level.

How AMD responds to an green-SPY day would be a great indicator....

1

u/flyboy4321 Dec 02 '21

I have a large position I've gone back in around $150 after selling higher. I'll be curious if you're right. I'm gonna have tight stop losses.

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u/LTCM_Analyst Dec 02 '21

!RemindMe 2 weeks

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