As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
Let’s stay sharp and position ourselves for what could be a pivotal moment for
AMD this week. Cheers.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
- Calls over $171.21, with targets at $177.55 and $185.
- Puts under $164.42, with targets at $162.58 and $154.49.
Let’s stay sharp and position ourselves for what could be a pivotal moment for
AMD this week. Cheers. 
Tracking chart Setups like meteorologist track Storms.
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