AMD Bearish at these levels

Chip shortages, all that fun stuff, still AMD seems to be a good short candidate IMO
will close out my POS above 117 if we start to move higher, 30 min time frame shows AMD fighting POC, MAC D trying to cross below 0 line.
Will give this more time to play out
goodluck traders
as always , not financial advice my opinion!

Comment:

Key levels - 116.71
114-113 Zone of interest
Short target 107.24

Trade active:

AMD- moving with a bit more range then described above, initial theory still is in play, 117 is level of interest, watching price action along with the overall market to determine the trend,
Short on this POS still!

Comment:

we have diverged strongly above our initial zone of interest, 116, Semiconductor stocks are on the rise, closed out my position at 116.71 as noted. Not every scenario will workout as planned, part of trading is understanding this and adapting to create consistency, will update this trade when I see something interesting, initial chart could very well still be in play over the course of the next few days / 1 week.
goodluck

Comment:

Okay guys, Closed out at 116, re entered at that point, Closing the last of this trade for a large gain, had a nice run on chip stocks but that could only last so long! watch for a bounce in mid 90's /101

Trade closed: target reached