As I said before I would love to open a postion in AMD, but I'm never comfortable in doing puts, yet AMD doesn't look great. Our last TA, which will be linked, has came out with some side ways movement and breaking our low trading range. Whats next for AMD? Well I read that earnings will drop by 12% in tech stocks due to the corona virus. Not sure if that goes for all, but what can chart tell us?
If AMD droped 12% it would be just mid $41, yet whats there? Well nothing just going back to Nov 19-Dec 19 it was the top of what looks like a cup and handle formation and this would most likely be broken hitting the trading range of $40-$39 rougly. There is story coming out that the corona is breaking in California nad has hit Italy, so it just doesn't look good for AMD sales.
Maybe buying a 10-20% between $40-$46 cause you never know.
If AMD droped 12% it would be just mid $41, yet whats there? Well nothing just going back to Nov 19-Dec 19 it was the top of what looks like a cup and handle formation and this would most likely be broken hitting the trading range of $40-$39 rougly. There is story coming out that the corona is breaking in California nad has hit Italy, so it just doesn't look good for AMD sales.
Maybe buying a 10-20% between $40-$46 cause you never know.
