AMD has pulled back to its support at ~$13. Looking for a bounce off this level with a run back up to $14.50 or more. The price action is similar to the past several times where the stock has gone up multiple days in a row and then went down for a few days before going back up again. Keeping the stop tight at $12.65.
Only will make this trade if AMD opens up tomorrow above the close price off Friday, i.e. looking for an entry of $13.20.
Only will make this trade if AMD opens up tomorrow above the close price off Friday, i.e. looking for an entry of $13.20.
Trade active:
Went long 300 shares at $13.40. Stop loss is set to $12.95. Bullish price action today.
Trade closed manually:
Exited trade at $13.30 when price movement hinted at downside. Turned out to be a smart move.