Cuddles1997-1999

AMD evening star candle short.

שורט
Cuddles1997-1999 מעודכן   
NASDAQ:AMD   מכשירי מיקרו מתקדמים בע"מ
Just looking for a quick .25-.38 retracement. Maybe will hit the previous breakout point (yellow line)

Up 10% in the past 5 days
הערה:
Still maintaining short.

הערה:
Assuming that this daily closes as a bearish engulfing I think the reversal will happen. The market is rallying so I would be worried about seeing a bullish harame gap up.

Yes my entry point was sub optimal.

הערה:
AMD got downgraded by morningstar. Should be a gap down at open tomorrow, monday.
הערה:
Someone tried to sell me the fundamental need for why AMD needs to go above 20. The idea of a random person being so confident that they try to sell somebody else a stock at all highs is indicative of a bubble. It's the archetypal shoe shine boy story. My friends did this with bitcoin. Therefore, I bought 1000$ if puts today at 16.65 and i will literally let it run to zero if that happens based off of principle.

Thank you shivermetimber.
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