AMD has been ripping. I have a love-hate relationship with amd. I owned amd in 2016 sub 7.00 and sold out in the noise in 2018. I should have listened to my Dad's advice of buy, hold, walk away. I think the bubble gets bigger and the topping pattern can last a while or even blow through top. What I see is tech wreck 2.0 forming but I'm not shorting this currently. I might throw a 2022,2023+ put option on AMD if I see resistance and a topping pattern on this upper trend but I'm on the sidelines on this rocket.
Kommentera:
hmm. I might add some short exposure on AMD here- perhaps a long put out for 2022
Kommentera:
Possible topping pattern.. could take a while to play out (perhaps a triangle) abcd similarly to 2000 tech bubble