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$AMD - Bullish Trade Set Up

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
optionsswing  
NASDAQ:AMD   Advanced Micro Devices Inc
Supply and Demand Chart Patterns Head and Shoulders AMD amdlong QQQ Inverse Head and Shoulders Contains image
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supplyanddemand chartpattern headandshoulders amd amdlong qqq inverseheadandshoulders containsimage
AMD made an incredible run through the $100 resistance shortly after it's earnings report this past July. Currently it's setting up an inverse head and shoulders, provided semis/tech as a whole can maintain it's bullish momentum despite September seasonality, we could see another push to the $118-120 range. Attached is some flow from Friday prior to close that seems to have the same thought process.

Upside Targets: 115, 116.30, 118.40

Warwick Gorman
OptionsSwing Analyst
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