AMD bearish beginnings; Watch 108! Watch MA5 crossing below MA20!

- Somewhat bearish for AMD
- MA5 yellow has come down and about to cross below MA20 (green) - Watch for follow-through on the cross
- Previously shared that if 118 does not hold, then gap fill will begin with ease which happened Tuesday
- Island Reversal in play + Gap fill in progress
- 108 is the line in the sand
- Failure to hold will mean 95 comes into play (a very strong support as the last major breakout)
On Right chart, can see it is in a controlled sell channel

My Watch/Plays
- Will trim my sold puts as profitable if 108 does not hold
- And then watch for prices to move towards 103 to 95 before re-selling puts
- If 108 holds and MA5 and MA20 does not cross, will increase sold puts positions.

Good luck, all