🧵Alerted $AMD 117p live in discord which ran for 820% at peak today
•$100➡️$920
•$1,000➡️$9,200
•$10,000➡️$92,000
Let's take a look into what I saw and why I alerted this thanks to solid TA and @unusual_whales flow 🐋
(1/6) Here's a visual of what the trade looked like on the 10m chart. These puts were added after AMD broke through and confirmed under the 121.22 level. The next level on my chart to the downside was 177.66 hence why I chose the 117p
(2/6) When we gapped down this morning and opened up under 117.66 - the next target to the downside was 114 which I stated in the thread pinned to my profile we should see quickly.
(3/6) $AMD kept testing and breaking through support again and again which is why these puts were able to run for such a large gain.
(4/6) Something that stood out to me was the @unusual_whales flow yesterday. I was seeing large bearish prints- A lot of these are calls which indicated some serious profit-taking. Take a look at the premium sizes highlighted in the pink box.
(5/6) Here's an intraday view of the 5m chart on where I entered and a few pieces of conviction.
With the 8EMA acting as a strong area of resistance throughout this downtrend - I added at the top of the wick highlighted anticipating another rejection.
(6/6) Hope you guys enjoyed this breakdown. Much more to come... Solid Technical Analysis paired with @unusual_whales flow is a game changer.
@unusual_whales @threadreaderapp unroll
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