Members Trade Watch: AMD

BotTrigger Trade Watch: $AMD we like this stock for a lot of reasons... but we can't endorse an entry just yet. Monthly stochastics is at peak value right here and that's usually the zone some pressure is released and we can get some intermediate bearish action that pulls the stock back significantly before resuming a larger uptrend. Like that can all happen while it's on its way higher by end of year. Take a look at how the stock has behaved when stochastics was at peak level on the momentum curve...notice what the stock tended to do thereafter. And then take a look at how it behaves when it's in an uptrend. Many time a peak stochastics level didn't mean the top on the primary term, it just meant an intermediate term top had formed before resuming higher. So that's important to distinguish. In other words, we will wait till we can get AMD lower. If that doesn't happen then we just wait till the next setup on AMD.