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AMD Price Targets & Suggested Stop-loss Levels

The suggested stop for the recently posted AMD (Advanced Micro Devices) short trade will be any move above 7.17 with price targets at 5.74 (T1) and 4.97 (T2).

AMD daily 2 Oct 7th

AMD daily 2 Oct 7th

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Oct 7, 2016 12:08pm|Categories: Completed Trades - Short|Tags: |5 Comments

5 Comments

  1. Nick G. October 7, 2016 5:43 pm at 5:43 pm

    @rsotc Any Beta Adjusted sizing recommended? thanks…

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    • rsotc October 12, 2016 9:19 am at 9:19 am

      Nick- I missed your question on suggested beta-adjustment for the AMD trade. I’d say 0.8 -0.9 should be fine on AMD. Sorry for the late reply.

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  2. Teeps01 October 20, 2016 3:17 pm at 3:17 pm

    Hi Randy
    Is amd still below that downtrend line on the chart above?

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  3. Gaucho October 27, 2016 12:09 am at 12:09 am

    Hi Randy @rsotc, as you mentioned AMD has stopped out at 7.17 on Tuesday.

    Is the AMD pattern still bearished to reentry?

    Or it has changed to bullish and the 7.17 level could the new support.

    Regards

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    • rsotc October 31, 2016 2:25 pm at 2:25 pm

      @gaucho I’m catching up on old notifications & just opened this one where you inquired about AMD. I posted this in reply to a similar inquiry @Whatthemark made on AMD last week: http://rightsideofthechart.com/members/whatthemark/activity/18232/#acomment-18235

      AMD took out the suggested stop so official it is no longer an official Active Trade although I still like. AMD, as with the semiconductor sector (SMH, SOXX, XSD) is still below the recent highs & the uptrend lines which it & all the semi sector etfs recent broke down below.
      Given, AMD & most of the semis have been holding up but it still appears to me that AMD & the semi sector is poised for a large drop in the coming months.
      As far as the leading, mega-cap semis, INTC has just recently clearly broken down, TSM is sitting right on the bottom of rising wedge looking ripe for a breakdown, TXN, QCOM, etc… looking tired.

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