AMD saw a $1.5 billion dark pool trade at $511, with large share prints building a consolidation zone since June 18. Bullish break above $521 targets $536.66; bearish break below $510 targets $494.83, though the daily chart looks bearish.
Chapters
largest trades in the last month on this. You can see this consolidation here going back— this is June 18th up to current— and we're millions of shares here: 2.3 million, 1.2, 600K, 3.1 million. That's a big one right now that we're sitting on. And so we've made a lower high, increasing volume yesterday, and we're testing these prints on the downside. So let's go ahead and see if this holds. We'll map it out for a trade either side. So on the left-hand side, here we go. So we're going to be bullish above 521. Let's get above this opening candle, have that as support. Target 524.62 is a CAM. 529.14, 650K. 532.53 is the pivot and 66 is the CAM. This is also my 200 exponential, 200 simple, so be careful with this. This is bearish looking today from the daily, and so this might be the end of the road. Be careful with this 200 simple, 200 exponential on there. Then we've got 530 518, 540.88 is 125K, 542.70. And then we've got, then we've got 550 and 550.550, which is our one, and that's where I ended on that one. On the downside, we're going to be bearish below 510. Let's get below here. We're sitting on these prints. This is about 3.4 million right here. So if we break below 510, target 506.18, 502.01, 500. Then we've got 494.83, 21. So if this just breaks down and we're riding the 4 and 8 exponential moving average like this, and you can come down here. I figured that to the S2, the ATR is 37 on this, so we'll see this one has a wider range.
