AMD has been ripping. I have a love-hate relationship with amd. I owned amd in 2016 sub 7.00 and sold out in the noise in 2018. I should have listened to my Dad's advice of buy, hold, walk away. I think the bubble gets bigger and the topping pattern can last a while or even blow through top. What I see is tech wreck 2.0 forming but I'm not shorting this currently. I might throw a 2022,2023+ put option on AMD if I see resistance and a topping pattern on this upper trend but I'm on the sidelines on this rocket.
Note
hmm. I might add some short exposure on AMD here- perhaps a long put out for 2022Note
Possible topping pattern.. could take a while to play out (perhaps a triangle) abcd similarly to 2000 tech bubble
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.