@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.

Is the AMD pattern still bearished to reentry?

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

Regards

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.