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:

  1. My aggressive entry would be around $115 – that’s the 21-day EMA (exponential moving average) and a key volume level.
  2. My ideal entry would be between $110 and $111 – that’s the 55-day EMA, and it’s another big volume level.
  3. I’d like to buy both the August 4 $115 calls and the August 4 $120 calls.

If you’d like to get more trade ideas like this and start trading alongside me in real time, I recommend checking out Daily Profits Live. Last week I posted nine winners at an 82% win rate. One of those trades, a play on ServiceNow (NYSE: NOW), went for a 107.32% gain in two trading days.

Click here to learn more about my mission to turn $37,000 into $1 million in verified trading profits.

Chart: AMD is starting a Daily Squeeze

(Click to enlarge)

Click here to get exclusive access to these trades.