AMD chart analysis

  • AMD is on its way to the 8.2 resistance level
  • It also tested it in august, but failed. At that point the 50d MA went below the 200dMA, causing a huge fall in stock price
  • It climed back and tested the 8.2 resistance level again in november
  • Last monday, it broke the 8.2 level intraday, but closed below
  • Last friday, it tested the support of the 200d MA, but bounced and closed higher eventually.
  • A break of the 8.2 level and staying above for 2 to 3 days is quite a signal if you’d ask me.


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