AMD has entered into our resistance zone of $79-$80 and is ready to be shorted. However if AMD closes above $80.50 I'll close my short position $79 and $78 puts for 7/22 :)
Key fact to remember is that AMD previously broke out of a broadening formation which it's lower support is acting as it's new resistance
Key fact to remember is that AMD previously broke out of a broadening formation which it's lower support is acting as it's new resistance