AMD Put Swing Idea 8/22 - jtgladiator Short

Advanced Micro Devices, Inc.NASDAQ

Description

⋅ Aug 22, 2022 7:32 AM

NASDAQ:AMD

AMD has got a couple inside candles on the weekly. With Fridays close in the red we have a 22 Reversal AND looking for a revstrat on the weekly to the downside. Could go green but I like it short.

Call swing idea:
101c > 99.25 - if price reverses here then grab 95p

Put Swing Idea:
94p < 94.59 to swing for 8/26
85p to swing for 9/2 or even 9/16 - buy time. Price can reverse here so grab calls if it does.

MY live Chart -
https://www.tradingview.com/chart/OXhofdXS/

Trade active

⋅ Aug 22, 2022 2:21 PM

First Price Target met @ 93.50

I got in 9/16 AMD 85p @ 1.52

Comment

⋅ Aug 23, 2022 1:56 AM

Still holding this bad boy. Currently 1.92

I am swinging it all the way to close. if it goes 100% real fast ill take profits and then maybe look for another entry.

Comment

⋅ Aug 23, 2022 1:57 AM

this hit my first PT and is well on its way to the second PT at 90.56

The hourly candle is an outside candle so a reversal here might be a thing.

Ill take profits if it is and enter on the next reversal to the downside

Staying in it until confirmed reversal