From TradingView · · 40s
AMD Trade Idea
UA_CAPITAL suggests buying AMD calls after breaking $520 support.
In brief
UA_CAPITAL suggests buying AMD calls after breaking $520 support. UA_CAPITAL recommends long AMD calls targeting $606 if price holds above $520. Originally reported by TradingView.
AMD Breaks Support
AMD recently broke above its descending trendline after finding strong support around the $520 Volume POI.
Trade Trigger
Trigger: If AMD maintains its bullish structure and shows strong price action after today's market open, I'll consider opening a Long position through Call options.
Targets and Invalidation
Target 1: $606 Target 2: $658 Invalidation: Daily close below $513, beneath the Volume POI.
The bottom line
UA_CAPITAL recommends long AMD calls targeting $606 if price holds above $520.
