With AMD so over extended i'm looking to get short AMD with Jan. 19 puts. We have a trend line plus .618 retrace on the monthly @ 26.97
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Looks like we are going to see AMD close with a topping tail after reaching the target price for the day. If you missed the trade you can look for a 50% retrace of tail candle...if it happens.
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perfect retrace. Hope some of you got in! This one should pay us well!
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AMD has give those who missed the trade a second chance.
Trade closed manually:
Covered short at $18.24. AMD went all the way .786 retrace before turning around. stop was at 35 lucky trade