AMD Bearish Short

Advanced Micro Devices, Inc.NASDAQ

Description

⋅ Jul 25, 2020 2:43 AM

Technical:
Bollinger Bands the price is way outside the std devations this is on most frequencies daily, weekly, monthly. Mean reversion, etc ...

Fundamental:
Upcoming Earnings. I dont think this really matters. As we saw with microsoft, tesla and other stocks.

They went up because of bad intel earnings. The market cap is nearly half of intel while their net income is a lot less.

Technical Indicators Beyond Technical Analysis

Comments

apsnt

⋅ Jul 25, 2020 10:04 AM

I don't mind I sold at $66. Could have held a couple of hours later but it got overextended, for sure. Correction is needed after such a swelling.

saltysaver

⋅ Jul 25, 2020 12:41 PM

@apsnt unless they beat their ER on the 28th. big shift in tech leadership from sleepy Intel to cutting edge amd. be careful trying to trade around that.. this has been a years in the making transition

rgwinvesting

⋅ Jul 26, 2020 2:10 PM

Agreed. This isn't the market that takes ER into consideration as it has in the past. It will follow the MFST and TSLA pattern of becoming bearish after ER so shorts can take profits.