- Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right.
- first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame I didn't foresee it...or saw it but didn't digest it.
- A lot of commentary was made on twitter how this was going beyond 130, I made no such claim.
- Levels below are clear, if it can hold 101 and base above, longs have control, below, 95 and 84
For AMD, if it is able to hold 101, we will huge rally, something that would push this all the way to 155 and higher.
Macro view doesn't inspire confidence, but markets have their own mind.