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incomeswitch
Aug 21, 2018 8:14 PM

$AMD levels Short

Advanced Micro Devices, Inc.NASDAQ

Description

AMD could have just made a resistance at 20.40. I would look at this chart as a potential short if that doesn't hold.
Comments
SteelyRivers
Painful today. You saw someone just traded in 44,500 calls with a 13 strike for 45,500 calls with a 20 strike at 1.52 this a.m.? No on the chart, but stuff happens.
incomeswitch
@counsellorvasquez, Yeah, all time highs are very hard to pin point. That is why we said if it doesn't hold that level. If we saw a rejection from there we would have seen a nice leg down but momentum has a hold of this one
incomeswitch
@incomeswitch, All time high resistance**
Phat1125
where did you get 20.40 as resistance?
incomeswitch
@Phat1125, As mentioned it was "potential resistance" based on the double rejection. All time highs are hard to find the rejection level that is why we said if it doesn't hold
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