We’re on the cusp of a bull market, 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.

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.

(Click to enlarge)

P.S. Did you see the news this morning? Several big banks are on fire post-earnings, which means my colleague Karim Rahemtulla nailed it again. He’s been pounding the table about getting back into banks ever since the March “crisis,” and he’s currently following the money in his Insider Matrix portfolio. He also believes there’s still plenty of upside left for these finance giants.

Click here to get exclusive access to these trades.

TESTIMONIAL TUESDAY

“I paper traded SCHW, and closed the 1 Shares/Contracts I opened at $3.05 for $3.40 [overnight]. Reposting for the Badge!! 😉 Wow, I was just going for the paper trading badge!”
– RiverRatS

“I closed the 10 Shares/Contracts I opened [on GNRC] at $4.01 for $5.30. Great way to start the day! 32% gain. A nice $1290 profit [in six trading days]. Thanks BB!”
– Ednchina