AMD testing 13.67 support area before breakout? uptrend intact

27 juin 2017

AMD closed just below 14.1 resistance, may test 13.67 support before breaking through the 14 level...close above ~11.40 keeps long uptrend intact - patient may see test of 12.6 support for solid entry. I just sold the Jul 12.5 puts for .33 ($33/contract pocketed or shares assigned at 12.2 avg. in a few weeks) - recommend anyone seeking entry do the same, perhaps for more if you catch the support tests! If it breaks 12 I may even buy shares outright. Beginner charting - thoughts welcome:)

30 juin 2017

Note

Aaaand there was the test of 12.6 support yesterday. Will it hold or down toward 11.7 previous support? Maybe long weekend will add downward pressure but looks like it held at 12.6 so might trade sideways til returning to 13.67 level (guessing by close or next week - if the 12.6 holds today).