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AMD Poised To Run On A Break Over 2.06

AMD (Advance Micro Devices) remains an Active Long Trade on the site since the original entry in this post from August 10th. Although that trade was & still is a typical swing trade (click on "AMD" under Active Trades- Long in the menu bar to view all previous notes & charts).

AMD 120-minute Oct 21st

AMD 120-minute Oct 21st

 

As an update to that trade, as well as a potential trade idea for more active traders, a pop above the 2.06 resistance level would likely bring AMD to the 2.21 level. Tight stops for the swing trade can be set on a 120-minute candlestick close below this ascending price channel although the original targets & stops listed on the previous updates for the swing trade remain the same for now. For a short-term trade targeting the 2.21 level  it would be best to set you sell limit a 2-3 cents below the actual resistance level, around 2.19.

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Oct 21, 2015 11:48am|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |1 Comment

One Comment

  1. baller October 21, 2015 12:31 pm at 12:31 pm

    I took the trade at $2.07 and was filled at $2.06 at 12:08 ET.

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