$Advanced Micro Devices(AMD)$ NOV20 515C, still actionable.
Zone: $501.27 to $508.33
Invalidation: close under $492.21
Objectives: $534.74, then $566.42
The math: up 5.9% to the first objective and 12.2% to the second, against 2.5% risk on the invalidation, better than 4 to 1 to the second.
I like this swing because Friday flushed it to $492.21 on heavy volume and buyers still closed it back at $504.80. Earnings land Tuesday after the close, so the Nov 20 expiry gives this room past the report. The zone is tight and the invalidation is clear, so you know where you are wrong before the move starts. If $492.21 holds, $534.74 is the first spot to watch for buyers pushing back toward the prior range.
Watch: $520.40, the Friday high.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
