Advanced Micro Devices Inc
Long
Updated

Rounding Bottom Pattern waiting for Breakout and Retest

233
If this plays out it will be about a 20 point play as I have the target price measured to be
$135.36.

Wait for cross above and retest of the resistance line ($115.01) then enter. Stop at $109.35.
Keep an eye on CCI and if line falls below the zero line the trade becomes invalid and exit
immediately.

I like the April 25 $115 strike options @ $3.15

R
Order cancelled
Trade is no longer valid as the 4h candle has closed below the Bollinger Band midline. The fact that the company
was downgraded by Jefferies this morning and that Hegde Funds are actively shorting AMD will keep us on the sidelines
for now.

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