AMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.
The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure.
Initial upside target = 150-158 by mid to late Jan. 2024 (point target = 150 by 1/12/2024)
After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).
The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure.
Initial upside target = 150-158 by mid to late Jan. 2024 (point target = 150 by 1/12/2024)
After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).
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Entered Jan 19 145.00 calls
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About to start next leg up to 150. Last chance to add more calls before they get expensive.
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brrrr
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Expecting this to hit 148-149 today
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t00 eZ
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Don't sell until at least 158.
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For anyone new that sees this post and wants to hate in the comments section, make sure you load new bars on the chart before you do.
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If you didn't go balls deep in calls on this dip, we have nothing in common. Still headed to 158.
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All in Jan 5 145.00 calls for 0.04, sell at 1.40 for 3,400% return.
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Told you all to buy the dip - hopefully you went further out in expiration than I did lol.
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Watch 147.25 for possible rejection - if it doesn't make it there or gets rejected and then falls back below 144, SELL. Because if this occurs it will need to hold above 142 and 140 or it runs risk of more serious downside.
If we break above 147.25 it should restest 150. If it can break 150 it has a shot at 158 in the coming weeks.
If we break above 147.25 it should restest 150. If it can break 150 it has a shot at 158 in the coming weeks.
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If you have calls here, selling some is not a bad idea.
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We hate the stock. Sell this trash.
Trade closed: target reached:
Upper target of 158 hit today 1/16.
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To all the haters blowing up my comments since I posted this.. wya lmao?
Y'all worried about a couple lines on a chart while this thing rallies 23% like I said it would.
#MikeJordan
Y'all worried about a couple lines on a chart while this thing rallies 23% like I said it would.
#MikeJordan
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I posted explicitly in an update I was buying the Jan 19 145 calls back when underlying was 139 (bought for 4.30).. Those are currently worth 25.00 = 480% gain (+$2,070 profit per call).
You're welcome if you followed be and trusted that I walk on water.
You're welcome if you followed be and trusted that I walk on water.
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AMD will test 182.60 next week and then begin pullback. I'll post an updated idea soon.
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Check out my latest idea - near term forecast for SPY. It will be a good indicator for overall market price action over the next few days going into the FOMC:
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New target = 187 by end of Feb.
Bought Mar 1 182.50 calls for 3.30 (underlying 166.24)
Bought Mar 1 182.50 calls for 3.30 (underlying 166.24)
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See fresh new post with clean chart for updated forecast,, link below
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If I get 200 boosts my wife said she'll devorce me... anyone?
- clears resistance early this week and hits 147 by 12/29
- pullback to test 141-143 for support
- continue to 158 by 1/12/2024
I wouldn't consider shorting this until at least 150s, but better to wait until 160s. Ride this bullrun for this final pump, it can over-extend targets best case