Stock Technical indicators to notice in Advanced Micro Devices (AMD)
1- Last bearish trend was from 5.45 $ (12/22/2011) to 5.28 $ (12/28/2011) a 0.17 $ move 2- The current bullish trend started from 5.28 $ at 12/28/2011 and is currently trading at 7.08 $.
Advanced Micro Devices (AMD) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.900 $ height triangle which was broken up at 5.400 in higher than usual volume, target of the pattern is 6.300.
Advanced Micro Devices (AMD) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 5.760 and 5.950 that was broken up at 5.590 transforming into a supporting line.
Advanced Micro Devices (AMD) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.760 and 5.950 that was broken up at 5.590 transforming into a supporting line.
Stock Trading Conclusion:
Advanced Micro Devices (AMD) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 6.66, 6.39, 6.18, 5.97, 5.28, 5.24,.
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