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AMD Trade Idea

AMD (Advanced Micro Devices) will be added as an Active Short trade here following the uptrend line break on this 60-minute chart with an alternative, slightly higher probability entry or add-on to be triggered on a break below 30.15.

AMD 60-min Sept 19th

AMD 60-min Sept 19th

The price targets are T1 at 27.15, T2 at 24.82 with a potential third target around the 20.20 area, depending on how the charts of AMD & the semiconductor sector develop going forward. The suggested stop is any move above 33.50 & the suggested beta-adjusted for this trade is 0.80.

2018-09-19T12:21:15+00:00Sep 19, 2018 12:21pm|Categories: Completed Trades - Short|Tags: |2 Comments

2 Comments

  1. BIGBADWOLF September 19, 2018 12:27 pm at 12:27 pm

    Always hard to short AMD, inside day about to break out in one direction, there could be 20% profit if able to avoid potential head fake.

    • rsotc September 19, 2018 12:46 pm at 12:46 pm

      The higher probability entry (less chance of a false breakdown/sell signal on the TL break) will come on a break below 3.15, a couple of cents below the 3.17 for “safe” measure (with the word safe being relative when making a counter-trend short trade on AMD).

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