Chips and semiconductor companies are suffering. NVIDIA just guided down ahead of earnings. The stock has been overly pumping due to BTC mining hype. AMD is likely going to follow suit. My analysis says that AMD earnings will suck hard.
Price target is projected on the chart.
I will load up a lot of put spread tomorrow's morning.
Stay safe, traders!
PS: most companies are projecting downward, however do not assume this is the rule and go short all stocks. There might be earnings beat, for example I think MCD and BA is going to go up, but not that high in probability as AMD's. Still, this is just my opinion.
Price target is projected on the chart.
I will load up a lot of put spread tomorrow's morning.
Stay safe, traders!
PS: most companies are projecting downward, however do not assume this is the rule and go short all stocks. There might be earnings beat, for example I think MCD and BA is going to go up, but not that high in probability as AMD's. Still, this is just my opinion.
Trade closed manually:
my stop at 23.75 got hit. Too bad it was a terrible call.
I hope you guys were safe!
I hope you guys were safe!
