$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.
As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
Let’s stay sharp and position ourselves for what could be a pivotal moment for
AMD this week. Cheers.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
- Calls over $171.21, with targets at $177.55 and $185.
- Puts under $164.42, with targets at $162.58 and $154.49.
Let’s stay sharp and position ourselves for what could be a pivotal moment for
AMD this week. Cheers. 
Tracking chart Setups like meteorologist track Storms.
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Tracking chart Setups like meteorologist track Storms.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.