JenRz

AMD taking a breather?

Short
JenRz Updated   
BATS:AMD   Advanced Micro Devices Inc
I've had quite a bit of success last year with levels on my old pal, AMD but have been ignoring him for the most part as I focused elsewhere.
However, dowsing earlier this week told me to check it out for a short entry at $140. We're there, and it could go a bit higher, but today seems the day to reverse as I repeatedly get a "spike up and reverse down" scenario in indexes and AMD.
I was also told to get a date, which is the 12th, next Friday. Dates are typically reversals, but sometimes nothing I'm aware of.

I think I'm slowly figuring some things out with timing as I'm usually so early. This is a good example. When I asked about a downside target a couple days ago when it said to look short, dowsing gave a price HIGHER! Hence the $140 number and my indication it wasn't time yet, but there will be an opportunity soon. I hope this works out as it could help me with a lot of things. I seem to have more accuracy on AMD for some reason than other stocks, but maybe that's because I focused and practiced with it a lot? Idk.

Watch the time this morning in one hour. 11:40-50 for indexes to begin a roll. My times of day have been helpful lately and I'm sure AMD will follow to some extent. AMD hod atm $140.52
Comment:
not so much. It still went higher almost to $150 before it took a break.
It's kind of crazy the 12th was a reversal for the indexes, but AMD was more like a low.
The 140 number might've just been talking about the intraday high since it pulled back from a high of 141 that day. That's definitely not interesting to me because I want the swing trades and most efficient use of capital.

Anyway, I found my journal entry from 1/4 where I asked for highs this year in AMD. The first price I got was $196, then between $225-50. Might be $251. I'll post a new idea sometime. Hopefully, I'll do better next time!

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