$AMD Return to the mean, 20-40% profit over the next quarter.
Pretty simple trade setup here, expecting us to return to the middle of this channel quicker than previously, in as little as 20 days, as long at 50 days. Price target $100-$110.
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
Take profit at $100: 25% gain
Take profit at $110: 37.5% gain
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Trend broke - good buy opp on this mid day dip. 23% profit to $100, 35% to $110.
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Stochastic RSI on the Weekly is bottoming out.
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Down from my entry however still holding. I have a much larger position in Chewy that I believe will perform better. Looking for AMD to grind up support next week back over 80
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Still holding AMD, Chewy looks good!
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Weekly looks great on AMD
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Trend still looks good, $90 coming
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Took a while but we made it