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AMD bouncing from a key trendline here on weekly chart. Positioning shows pressure from ITM puts. Will remain under pressure, but call delta at 125 is strong support. Lines up with the trendline. MM should try to keep price above 125. Break below 125 shows no support till 110, but isnt base case.

by /u/TearRepresentative56 in /r/TradingEdge

Upvotes: 62

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