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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s