Sunday Trio Of Short Ideas

Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern.

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Next is Advanced Micro Devices. Semiconductors had an incredible run until a few months ago, and they’re all starting to fizzle and pop. AMD seems especially prone to failure to my eyes.

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Lastly is Buffalo Wild Winds, which has been “Old Faithful” lately. This is a massive topping pattern with plenty of downside potential left.

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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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All Things Tech 1 year ago Member's comment

100% agreement on $BWLD especially since it has been flat for months in a bullish market with more room to fall.

I disagree with $AMD. If AMD falls below the SMA200, absolutely short, but the Triple Bottom off 12.00 is a cause of concern + a previous ER beat + Q3 ER beat likely & sitting in oversold territory according to (MFI). $SOXX shows a Pennant as well.

$ACAD long-term is down, but short term is up. Above the SMA 20, 50 & 200.

Both AMD & ACAD is big risk little reward in my book unless the Days to Cover is a big enough window. Otherwise just not worth it in my book.

Bruce M. Knoth 1 year ago Member's comment

Good insight.