$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ AMD closed Friday at $516.79, up about 1.7% on the day, after sliding to near $508 and holding there. The setup here is betting that Friday low was the floor, with a walk back toward $548 first and then toward $580 if buyers keep showing up. A close under $500 says the floor gave way.

The math: up 6.0% to the first objective and 12.2% to the second, against 3.2% risk on the invalidation, better than 3 to 1 to the second.

Earnings land after the close on November 3, so this is a swing into that print with a clear line that says the idea is wrong.

Watching $523.92, the Friday high. A move back above it shows buyers pressing again.

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