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schumideena

Wait to Short AMD

Short
Advanced Micro Devices Inc (NASDAQ:AMD)  
schumideena  
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Harmonic Patterns
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trendanalysis harmonicpatterns
After long run, we can short the stock once it reaches 88.99. it should give target of 77.

we can try some puts of 80$ once it reaches the reversal point.

Disclaimer: Please use your analysis for taking trades
Trade closed manually: Should have give good returns on these

Comments

Jimmynada
Markets have been powerful. Too much liquidity. I think it goes to 90 than pulls back.
Reply
Jimmynada
Shorting AMD is not a good idea. Not enough sellers. Momentum too high.
Reply
schumideena Jimmynada
@Jimmynada yeah I agree, but there should be some profit booking considering the PE ratio
Reply
schumideena Jimmynada
Atleast should consolidate some where
Reply
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