AMD: One more wave down to $25 to complete wave A

Looking for subwave 5 to bring AMD down to low $25s before we see a bounce for wave B. This should coincide with the pre-earnings runup I expect. Then we continue to finish the ABC structure at the $21-$22 range.

Note

$25 target hit

Note

Probably won't bounce anywhere close to my original $30.42. Market is extremely weak overall but AMD is still oversold. Let's see if it can make it to $28 over the next few days.

Trade active

In Oct 12 25.5 calls at $0.60

Trade closed manually

Out at $1.50

Valsyth

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Valsyth