AMD is forming a symmetrical triangle that should result in a roughly ~3% move to either side. I do spot a very small divergence on RSI telling me there are better odds of this going to the upside to around $95 where it has strong resistance. If that occurs, it appears AMD is forming a HS pattern.
PT $95 or $89 this week.
I will be entering a $90/$95 debit spread expiring Dec 31st.
Look at the daily chart. i dont see any relief to the upside. so the longer term I think it is going down. I don't know if it will go up to 95 first
fespinoza21078223
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agreed..looks like HS pattern is almost played out. almost certainly moving down. question is whether or support holds
BDRTrigger33
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You're right it is going to move, but it seems it will move down back under 90. There was too much resistance and the Microsoft decision to keep chip making in house, REALLY REALLY HURT AMD. It's drawing down the resistance line to a lower level. It's going -3 from where it's at - That much we do agree on...