We’re on the cusp of a Bull Market here in 2023, and there’s a lot of excitement surrounding tech stocks and artificial intelligence.
However, I won’t be chasing extended tech names like Apple right now.
Instead, I’m looking at a specific chart with some big upside.
Click the image below to see my latest setup.
How to take advantage of the 2023 Bull Market: YOUR ACTION PLAN
Advanced Micro Devices (Nasdaq: AMD) is starting a daily squeeze. I’m looking for a run into earnings, and my plan for AMD is as follows:
- My aggressive entry would be around $115 – that’s the 21-day EMA (exponential moving average) and a key volume level.
- My ideal entry would be between $110 and $111 – that’s the 55-day EMA, and it’s another big volume level.
- I’d like to buy both the August 4 $115 calls and the August 4 $120 calls.
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(Click to enlarge)
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