AMD dropped as most of the stocks did since October 2018.
For several stocks a reaction is close. Let me be absolutely clear on this: Not a new uptrend, just a reaction.
But it could be a nice move before the next downtrend.
So, above $20 it will start to be interesting and mainly above $22.
If we saw sub b (in blue) then AMD will start its reaction towards $27-28 or even a little bit higher.
My view:
Short term traders = Long as mentioned above (>$20, and mainly >$22) with target at $27, $28
Investors = if you maintain positions, use this reaction to decrease them or hedge them with long term (out of the money) Put Options.
I believe that the worse is yet to come for markets.
A reaction for the end of the year should be used to increase Cash positions.
All the above is my opinion.
It is not a recommendation to Buy, Hold or Sell a Stock.
Do not trade with money you cannot afford to lose.
And please place Alert and Stop Loss levels at your positions. Cut the Losses and let the Profits run.
For several stocks a reaction is close. Let me be absolutely clear on this: Not a new uptrend, just a reaction.
But it could be a nice move before the next downtrend.
So, above $20 it will start to be interesting and mainly above $22.
If we saw sub b (in blue) then AMD will start its reaction towards $27-28 or even a little bit higher.
My view:
Short term traders = Long as mentioned above (>$20, and mainly >$22) with target at $27, $28
Investors = if you maintain positions, use this reaction to decrease them or hedge them with long term (out of the money) Put Options.
I believe that the worse is yet to come for markets.
A reaction for the end of the year should be used to increase Cash positions.
All the above is my opinion.
It is not a recommendation to Buy, Hold or Sell a Stock.
Do not trade with money you cannot afford to lose.
And please place Alert and Stop Loss levels at your positions. Cut the Losses and let the Profits run.