Daily chart looks very bearish to me still. We closed the the week with a perfect hammer candle. Same for the daily chart. Hammers are great fro trapping newbies. I will be looking to short (Buy TSLQ) when TSLA breaks the 362 area. Keep buying until we reach the 370 - 375 area with a stop around 380. By the time we reach the 370 area, I will sell a collar to...
AMD after earnings. My idea on how to play. I expect a fade. Don't think it will gap and go because: 1. Earnings were not that bad. AMD beat estimates but in the data center segment which is why the market is punishing it 2. Bears will take profit meaning there is a chance for a fade. 3. Initial response to earnings after hours last night was up. Algos Moved it...
Here I am trying to further develop some ideas on how I am managing my AMD position.
Here I compared how TSLA behaved last time it reached it all time high. A period of consolidation followed with lower highs and lower lows. Way to play this type of pattern is explained furhter on the chart.
Playing earnings call on TSLA. Probably earnings will not be great. TSLA will probably gap down and we'll have to manage the position
Managing my AMD position. AMD will recover at some point. The whole SMH will recover. This is how I will handle and manage my AMD position