AMD indicates potential weakness- HIGH RISK
From our previous analysis AMD reached our bullish target and now we can see a complete transformation.
Today AMD is showing a bearish continuation pattern indicating further price decline.
The wave we may have this time will be only a corrective wave because AMD is in a very strong bullish trend a very risky to sell it.
However, you can use this analysis as an Indication about the next move that may happen during the Earnings Report on 30 July 2024.
The only way to trade AMD is if you can risk a small amount and buy PUT Options on AMD.
The risk will be limited in this way however it may develop.
Previous analysis:
From our previous analysis AMD reached our bullish target and now we can see a complete transformation.
Today AMD is showing a bearish continuation pattern indicating further price decline.
The wave we may have this time will be only a corrective wave because AMD is in a very strong bullish trend a very risky to sell it.
However, you can use this analysis as an Indication about the next move that may happen during the Earnings Report on 30 July 2024.
The only way to trade AMD is if you can risk a small amount and buy PUT Options on AMD.
The risk will be limited in this way however it may develop.
Previous analysis:
Trade closed: target reached
AMD - I hope you bought some PUTs :)
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.