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.
My current is to buy PUTs / short CALLs at 55/50 Strike with DTEs in May/June.
- 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.
Note
RSI should state "Overbought" not "Oversold"
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.