winstox

AMD - close to a reaction

NASDAQ:AMD   Advanced Micro Devices Inc
AMD dropped as most of the stocks did since October 2018.
For several stocks a reaction is close. Let me be absolutely clear on this: Not a new uptrend, just a reaction.
But it could be a nice move before the next downtrend.
So, above $20 it will start to be interesting and mainly above $22.
If we saw sub b (in blue) then AMD will start its reaction towards $27-28 or even a little bit higher.

My view:
Short term traders = Long as mentioned above (>$20, and mainly >$22) with target at $27, $28
Investors = if you maintain positions, use this reaction to decrease them or hedge them with long term (out of the money) Put Options.

I believe that the worse is yet to come for markets.
A reaction for the end of the year should be used to increase Cash positions.





All the above is my opinion.
It is not a recommendation to Buy, Hold or Sell a Stock.
Do not trade with money you cannot afford to lose.
And please place Alert and Stop Loss levels at your positions. Cut the Losses and let the Profits run.

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