$Advanced Micro Devices (AMD.US)$ if its able to close aroun...

$Advanced Micro Devices (AMD.US)$ if its able to close around 123.8 thats still pretty neutral. but right now based on most time frames this buddy is bearish again. if it breaks previous pivot of 119.4, it will retest previous low of 115.94 and possibly 114.7 (200ma). the full decline based on hourly we are looking at around 108. after so many waves of drops, i personally think traders are very discouraged to buy AMD. again, going to stay at the sidelines to watch. (i have already completed 4 full covered calls lol). overall im still pretty comfortable as i have traded most of the downside hedges, great calls and covered calls. this is the first time i actually spend so much time on a single stock to prevent losses

with 3 more weeks towards earnings.. now im a little skeptical whether it will be heading towards 137-140 below the pennant i thought. next trading session we will be able to tell