AMD Wolf Wave pattern 1HR

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AMD

AMD formed a 5th wolf wave pattern looking to launch and possible target is that green trendline. It's going to be a little hard to trade AMD going into earnings since we're sitting on top of a gap from a couple days ago. Best way to play it is to wait until gap fill and make an entry after or have a starter position and average down if it decides to fill that gap. AMD has been a lagger in the semi conductor and I'm bullish on them going into ER. I would suggest getting 5/21 expiration for option. They have very well priced option chain.