AMD saw a 4HR inverted hammer candle into the close green on a downtrend.
Marekt sentiment seems to slowly be shifting from bearish to neutral to short term relief bounce/rally into 390-400 range above 380s.
AMD being heavily shorted prior to Earnings could be a surprise effect after seeing Microns ($MU) ER.
Using a fibonacci retracement to play this out aiming for the GP, golden pocket, around 85-90/share.
Took the 90Cs for 07/15 Expiration options long at 0.12/contract.
*Not financial advice*
Marekt sentiment seems to slowly be shifting from bearish to neutral to short term relief bounce/rally into 390-400 range above 380s.
AMD being heavily shorted prior to Earnings could be a surprise effect after seeing Microns ($MU) ER.
Using a fibonacci retracement to play this out aiming for the GP, golden pocket, around 85-90/share.
Took the 90Cs for 07/15 Expiration options long at 0.12/contract.
*Not financial advice*