AMD

Updated Levels and Analysis

The original post on AMD 0.00%↑ where I originally provided this area of interest can be seen here AMD Where and How I Will Get Long

I had waited for this spot since July of 2024 when I originally posted this on X:

One of my primary concerns was that AMD would reach this location with indices near their highs, whereas I was expecting a 10% correction in Q1. Fortunately, AMD was kind enough to take its time getting to this area while indices corrected. Once the buy zone was reached, AMD outperformed QQQ 0.00%↑ and held in reasonably well.

The plan was to take a starter in the 96.14-100.81 range. This was where I expected AMD to be meaningfully re-accumulated as it represents high timeframe “Demand at Price.” This is exactly the same way I entered my 2022 long in the $50s. See What is Trading Doggy Style?

The plan was to then add to the position as AMD found a multi-day balance. This played out perfectly, and I now have 10% of my long portfolio (and swing portfolio) in AMD. From the original plan:

Here is a visual of the range where I expected it to be accumulated. Note the beautiful sweep of the range on 3/11 (a stop run if you will).

I am long (entries posted in the Discord) and my risk is defined.

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