Strong upside potential!!!! Took a position in AMD today
The caveat to all this is to have a stop in place, mine is fairly tight. Trading without stops is no different than wishing.
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12.99 looks like another good re-entry, but this time I wont be gambling on prospective volume.
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update: lost traction, and next target re-entry is 12.40's imo
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watching volume and gauging if this snowballs and stops get taken out
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Glad I had my stop in place. Based on history the last time AMD acted like this we went down to the 11.47 range. I will be keeping an eye and evaluating for re-entry in mid 11's range
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*CORRECTION
MID 10'S RANGE BASING IT ON MAY EARNINGS DIP
MID 10'S RANGE BASING IT ON MAY EARNINGS DIP
I will have to say this is solidly in a bearish trend. I believe the primary catalyst was volume. It allowed the bears to win out. will be looking hard at AH volume for possible re-entry. I still believe this has solid upside potential. will update tomorrow.