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Amdearnings

AMD: Targeting HOP Level at $208.051: Holding 3.618 as SupportLast week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar, except its highly contested strike is below it at $170-$175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where then one may consider switching to a Bearish bias. I will be playing it via synthetic longs and vertical spreads This is an updated Post after realizing that AMD just filled a gap visible on the daily, I also felt like reposting it on the daily timeframe because after hours activity does not really matter for the options position.
NASDAQ:AMDLong
by RizeSenpai
AMD: Targeting HOP Level at $208.051Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar except it's highly contested stike is below it at $175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where then one may consider switching to a Bearish bias. I will be playing it via options spreads, in a way that gives some credit in order to reduce risks either being a Vertical or a Butterfly call spread though I may increase my risks a bit and go synthetic long.
NASDAQ:AMDLong
by RizeSenpai
$AMD falling chopstick breakout?AMD breaks out from its 3 day losing streak to 4 day winning streak after the feed week and blue chips earnings. AMD looks like a falling chopstick at 4hr chart. but also clearly visible its lower high movement. with earnings coming up tomorrow after market close. i expect $AMD to pull back along with the overall market as it starts to cool off its steam from 4 day winning streak. or it can go sideway like consolidation and make little move before the market close. AMD could breakout to $100 if they beat the Wall Street EPS estimate with positive guidance. here my price target for $AMD for monday 08/02/22. ============================================================ For calls; buy above $98.30 and sell at 100.36 or above For puts, buy below 96.50 and sell at 93.95 or below ============================================================ Welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
NASDAQ:AMDLong
by CHRIS_B58