NASDAQ:AMD   Advanced Micro Devices Inc
60 4 3
AMD             soared more than 50% last Friday!
Missed such a great chance.

However, in near term, AMD             is forming a bearish BAT . another 10% upside potential then offer a chance to short at $4.4.
Trade active: ok. AMD bearish BAT is finally here.but need time projection to confirm? let's see
How do you know that this particular pattern will arise ? It seems a bit odd to predict a pattern and not a price level for example. Would it not be more efficient to find a current pattern and predict a price level be it high or low ?
Just asking,
Reply
pipstrading LarsSorensen
thanks for your comments. always happy to discuss.
the pattern may or may not form. This is just a potential short opportunity. Sorry if i did not mention it clearly. Of course, it is always good to find a completed bullish or bearish pattern then take action from there. Here is just take one step in advance to predict such possible patterns. Then we could have these stocks/forex to be under watch list then wait for reversal confirmation in those price level to confirm the pattern.
to AMD particularly, if you look back 2013-2014, we could see strong resistance around $4.3~4.6 area. After such a great rally last friday night, move up slightly more is possible, but high chance for a pull back. Of course, it may just gap up and rally sky high? possible. Just need to watch closely these few days.
Reply
Hi, Pip. How long have you been following AMD?
Reply
pipstrading MartyLardy
not long, just recently
Reply
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