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.

• 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.

Yorum:

RSI should state "Overbought" not "Oversold"