AMD currently at top of bearish channel

Kort

Advanced Micro Devices Inc (NASDAQ:AMD)

Uppdaterad

NASDAQ:AMD Advanced Micro Devices Inc

AMD has been in a bearish channel since November 2021 (one year). I see no impetus for it to break above the top of the channel, and thus I expect it to fall significantly over the next month.

Kommentera:

This is now a very high-conviction setup for me. I think I'll buy Dec30'22 70p, which are currently priced at 4.05 on IBKR. Depends how things look at the open on Monday.

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