AMD Trade Update


If you caught the trade idea from last week, AMD flirted with our stop for brief moments the past two trading days. VIX & SPY price action ultimately gave me conviction to see the trade through along with a low risk position & entry.

However, price trampolined off 107 from a textbook 1 minute double bottom at the open Monday before closing at 111.98 (4.10%) and also up after hours!

The $10,000 dollar swing trade is in full gear.

116 is our next big level before the breakout area where the real move may happen.

Talk soon,

Michael

ps. if you found this information useful, forward to a friend 😊

Stockonomy

What I’ve learned, what has worked, what hasn’t worked, and what may help you after $845,203.28 worth of trades in 4 years.

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