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chiefwils0n

AMD to Retrace to Monthly EMA20

Short
Advanced Micro Devices Inc (NASDAQ:AMD)  
chiefwils0n Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns Technical Indicators AMD short
11
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trendanalysis chartpattern indicator amd short
AMD is bullish, and has been bullish since May 2018. I anticipate a corrective retrace to the monthly EMA20 between $36-$40 range and look to capitalize on this retrace.
  • Resistance: $59.27
  • Support: $36.26
  • Chart is Monthly

My current is to buy PUTs / short CALLs at 55/50 Strike with DTEs in May/June.
Comment:
RSI should state "Overbought" not "Oversold"
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