$AMD in “W” Formation?

업데이트됨
AMD looks to be developing a “W” formation, similar to a double bottom. There are quite a few of these formations on charts especially in the “Semis.”

AMD stands out to me and looks to have a measured move from the breakout point (top of middle of “W” measured an equal move higher, see chart). The breakout looks to me to be $157.82 for a possible entry. I have an alert set early at $155.25 so I can evaluate an earlier entry. All TBD.

The target price looks to be very close to the previous high or about an 18% move. Again, all TBD.

If I take this trade, I will update the post. Note, this is “looking” like a setup to me, it is not yet a trade. Thanks for looking.
노트
AMD can also be looked at as a wedging pattern that looks to have already broken out. Just another reason to keep this on your watchlist. I am cautious going into Wednesday's Fed announcement so no new positions for me until that event.
스냅샷
액티브 트레이드
I have started a 1/2 size position here with a stop below todays low. I will add if / when we get a breakout around $160.00. My entry price is 156.13. Let's see what happens.
스냅샷
노트
AMD may be a bit stretched on the day but it is trending so I have added another 1/4 size to bring my position to a 3/4 size. I am going to need some consolidation to add more and I have a tight stop on the added shares. See chart.
스냅샷
노트
Stopped on the 1/4 add-on...
매매 수동청산
Closed AMD @ 156.25 pretty much breakeven. This is back on my watchlist as an A+ set-up.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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