Insane volume here right now. Profit takers, hurricane jitters, over bought rsi and stop losses taken out to grab shares. Even likely manipulation to take out those stops to grab those shares. I'm actually going to up my prediction to $55 share by year's end. Why? SALES. This company just getting started I think. With AI and block chain the future is bright in my opinion. Today's panic is tomorrow's profit.I had a gut feeling on this one at $12 share. It just seemed way too cheap. That's without any DD or research what so ever. I picked Netflix at $7/share in 2004. Even my old broker at Smith Barney told me I was nuts. That's why he's my old broker and I will never use a broker again.
How is this early September pattern not like early June? The percentage gain is the same:
32/20 = 16/10
You'll know it is if you see another large red candle in a couple weeks, and it dips into the range of the one AMD just had.
Last June, after a large red candle, AMD rises into a multi-week flat.
A Flat doesn't mean your money isn't working for you -- you can sell overhead Calls to bring in cash. If assigned, buy/write again, or sell Puts to get back in while holding cash.
Would be real interesting if price rises a little into a flat by next Friday ...
Do you remember The 21st night of September? Love was changin' the minds of pretenders ... September Earth, Wind & Fire
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