AMD to Retrace to Monthly EMA20
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.
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RSI should state "Overbought" not "Oversold"