AMD nice breakout

    Posted by matt on 22nd of Jul 2020 at 10:16 am

    AMD - Chart Link - been in this for a while, nice pop today through that overhead resistance. Stops should be moved up, which were originally at that first higher low

    You must be holding this

    Posted by frtaylor on 22nd of Jul 2020 at 03:16 pm

    You must be holding this based on fundamentals or something other than price - I was stopped out when it went well below the lower support line.

    frtylor - I stopped out

    Posted by matt on 22nd of Jul 2020 at 03:35 pm

    frtylor - I stopped out originally just below those MA's in the middle of the rectangle.  I then bought it back once it regained those, I commented on that a while back.  

    just because you stop out of something doesn't mean that's it.  steve and I sell out of stocks or stop out only to buy them right back if they set up again.  Yes I like AMD fundametally long term just like TSLA (though TSLA nosebleed now), but I bought it based on technicals.  and the jared95 who bought at the bottom of the rectangle that was the lowest risk entry of all.  He should move his stop way up now

    Lots of good trader wisdom

    Posted by disciple33 on 22nd of Jul 2020 at 03:46 pm

    Lots of good trader wisdom here, Matt.

    AMD paid YUUGE lol... 

    Posted by arun on 22nd of Jul 2020 at 10:49 am

    AMD paid YUUGE lol... 

    Thanks Matt...got some near the

    Posted by jared95 on 22nd of Jul 2020 at 10:20 am

    Thanks Matt...got some near the bottom of the rectangle and the patience is being rewarded.

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