AMD evening star candle short.
Just looking for a quick .25-.38 retracement. Maybe will hit the previous breakout point (yellow line)
Up 10% in the past 5 days
Up 10% in the past 5 days
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Still maintaining short.
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Assuming that this daily closes as a bearish engulfing I think the reversal will happen. The market is rallying so I would be worried about seeing a bullish harame gap up.
Yes my entry point was sub optimal.
Yes my entry point was sub optimal.
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AMD got downgraded by morningstar. Should be a gap down at open tomorrow, monday.
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Someone tried to sell me the fundamental need for why AMD needs to go above 20. The idea of a random person being so confident that they try to sell somebody else a stock at all highs is indicative of a bubble. It's the archetypal shoe shine boy story. My friends did this with bitcoin. Therefore, I bought 1000$ if puts today at 16.65 and i will literally let it run to zero if that happens based off of principle.
Thank you shivermetimber.
Thank you shivermetimber.