Stock Technical indicators to notice in ADVANCED MICRO DEV. (AMD.SG)
1- Last bullish trend was from 5.55 $ (4/27/2012) to 5.77 $ (5/2/2012) a 0.22 $ move 2- The current bearish trend started from 5.77 $ at 5/2/2012 and is currently trading at 5.55 $.
4- AMD.SG current resistance level is at 5.55 which is the 100.00 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ADVANCED MICRO DEV. (AMD.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.770 and 6.060, and is currently resisting at 5.646.
ADVANCED MICRO DEV. (AMD.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 5.270 and 3.840,resistance between 6.260 and 5.740 which was broken down at 5.930.
ADVANCED MICRO DEV. (AMD.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.840 and 3.750, and is currently supporting at 4.281.
Stock Trading Conclusion:
ADVANCED MICRO DEV. (AMD.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 5.60, 5.63, 5.65, 5.66, 5.69, 5.72, 5.77, 6.06, 6.40.
Stock Support levels : 5.49, 5.41,.