In the previous post I mentioned what happens when a long-time channel gets broken. The result is quite often an explosion in the direction of the break. Advanced Micro had a nice tight channel pattern that one could have traded for about a year and a half. Slightly lower highs and slightly lower lows (although usually about the $10 level on the low end). At any rate, just when someone was gonna put on their short on at the upper range of the channel during the middle of 2018, the top of the channel was broken. The right move would have been to cut losses and cover the short and (crazy sometimes as it seems) go long. The stock more than doubled in just a few months. I noticed this past channel and break because I am currently short with a put spread looking for slightly lower into October expiration.
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