AMD - $104.55 / Inverted Cup & Handle - Great Entry

17 Ağu 2023

0. Notes to follow;

1. AMD has been consolidating for 3 months.

2. $104.55 looks like a great entry for those that missed the run-up after NVDA earnings;

17 Ağu 2023

Not

3. We are also in the break down phase of the Inverted Cup & Handle. This is the Pivot at $107.55.

4. If you want confirmation of a failed Inverted C&H want close over $110. You should probably LEG-IN instead

5. Also, Sell $100 PUTS would be a good way to make money, or the $105 and get assigned at a major premium, as PUTS are very expensive on AMD after the fall from $132.50