AMD Trade on Jan 27, 2021 09:57 from spyrosz: Tradervue User Stock Trades.

Earnings Report:
-- EPS and rev. beat, rev. +50% Y/Y
-- gross margin below guidance, but slightly higher Y/Y
-- Q1 rev. guidance above est.
-- FY21 rev. guidance above est.

Good earnings but it was gapping lower premarket (why? how better #s can be in the future??) close to the all-important previous break-out $87 level which was previous resistance in a 3-month old consolidation channel before the break higher. I was a buyer there.

Premarket plan was to get "long" at the morning flush to S1=$87, risking tight stop below S1=$87 $86-86.4, expecting a hard bounce from there towards R1=$90.5-91.

(-) Can't remember why session started and I had no bids placed in-front of S1=$87. That cost me $2/share and a good r/r. Unacceptable:/

It had already held S1=$87 twice and it was breaking thru VWAP when I put it on main screen and got long Tier 0, risking S1=LOD=$87,expecting the push to R1$90.5-91 at a minimum. R2=$93. Good close above R1 and I would like to swing some size in case it wanted to see R2.

(-) Risk=$2/Reward=$1.5-2.0 = not a good trade. Tried to make most of it.
Sold small in-front of R1, bulk at the pop to $92. Market didn't breed confidence to hold for a swing so decided to get flat..At least sold at HOD..