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stockmarketsquirrel

AMD - Long Term Play

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
stockmarketsquirrel Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Chart Patterns Cup And Handle AMD technology technologystocks amdlongterm cupandhandlepattern
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chartpattern cupandhandle amd technology technologystocks amdlongterm cupandhandlepattern
If this cup and handle finishes forming, i'll look to enter at the breakout ($15.70) and put my stop order for mid handle level ($13.15-ish).

Then LET IT RIDE!
Trade active:
Good option volume the past several days.
Comment:
HUGE move before close today. This to me looks like it's confirmation for the $16 price point next. I'm still holding my options because I think we only move up from here.
Comment:
So after the "fake news" story that seemed to have reversed the huge jump in price late yesterday. I took advantage of the high prices this morning and closed my options position for a solid .53 profit.

I was long some Nov 14 calls that I purchased 9-19 for .77 and closed the trade this morning for 1.30.

I will continue looking for long opportunities.
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