Trading AMD To The Long Side

2023-04-10 / Danielle Shay

Loading the player...

The semiconductors look great after the pullback this sector experienced over the last week. I love the way that SMH is bouncing off of the 50 SMA on the daily chart. In particular, I like AMD because it has a confluence of bullish patterns. Let’s look at this chart and I’ll show you how I’m trading it with a bullish butterfly.

Join John Carter, David Starr, and Henry Gambell and discover their New Day Trading Road Map for Finding Winning Trades in Wednesday’s Free Webinar. Register here: https://bit.ly/43eo4UN

If you want to learn more, follow Danielle on Twitter @traderdanielle for the latest market analysis, and insights, and join the Simpler Trading community in our Options Trading room.

Danielle Shay

Danielle Shay is a self-made trader, market analyst, and director of options at Simpler Trading. Initially drawn to trading for financial freedom and to support her son, she now teaches, trades, and provides market commentary. With a background in teaching, Danielle aims to simplify trading concepts for all skill levels. She is a regular expert guest on media outlets like CNBC, Fox News, and Yahoo Finance. Her primary trading focus is on relative strength setups using equity options, stocks, and ETFs. She contributed to John Carter's "Mastering the Trade" and champions the belief, "If I can do it, you can do it!".

That's as far as you can go!