AMD bearish beginnings; Watch 108! Watch MA5 crossing below MA20!
- Somewhat bearish for AMD
- MA5 yellow has come down and about to cross below MA20 (green) - Watch for follow-through on the cross
- Previously shared that if 118 does not hold, then gap fill will begin with ease which happened Tuesday
- Island Reversal in play + Gap fill in progress
- 108 is the line in the sand
- Failure to hold will mean 95 comes into play (a very strong support as the last major breakout)
On Right chart, can see it is in a controlled sell channel
- MA5 yellow has come down and about to cross below MA20 (green) - Watch for follow-through on the cross
- Previously shared that if 118 does not hold, then gap fill will begin with ease which happened Tuesday
- Island Reversal in play + Gap fill in progress
- 108 is the line in the sand
- Failure to hold will mean 95 comes into play (a very strong support as the last major breakout)
On Right chart, can see it is in a controlled sell channel
My Watch/Plays
- Will trim my sold puts as profitable if 108 does not hold
- And then watch for prices to move towards 103 to 95 before re-selling puts
- If 108 holds and MA5 and MA20 does not cross, will increase sold puts positions.
- Will trim my sold puts as profitable if 108 does not hold
- And then watch for prices to move towards 103 to 95 before re-selling puts
- If 108 holds and MA5 and MA20 does not cross, will increase sold puts positions.
Good luck, all
![AMD bearish beginnings; Watch 108! Watch MA5 crossing below MA20!](https://sgsnsimg.moomoo.com/feed_image/101629496/744874144daa36f194a9a42fe306ab91.jpg/bigmoo)
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versatile Kiwi_0963 : It's not going to drop by how much