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MarketMotion
Aug 2, 2021 10:16 AM

AMD- COMING DOWN WITH TIME Short

Advanced Micro Devices, Inc.NASDAQ

Description

Looks like a 5 wave completion and ABC correction waves in process (A complete, and B in process and about done imo). Looking for a C wave down in a 5 wave form. Seen a good bit of option flow come through on Friday indicating some call selling taking place.

Hourly demand zone in this 91-92 area and is where I would be happy to cover and I am bullish AMD long term but bearish short term. Would be looking for the October/December puts here.

GL!
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