AMD is a company I have been bullish on long term. It has been quiet disappointing for a little while now, but things may be changing soon.
It broke out of the downtrending channel it was trading in, it came down to retest the old resistance of the channel as new support, and re claimed the 200 EMA showing strong signs of a new uptrend. Strong support is around 75$ area, and a definite buy for me. Right now I don't see it dipping back there, but will start a short-mid term swing position at 80ish level with PTs at 87 then 95, potentially leaving some left over for the magical 100 if we decide to go there. Stop loss would be under the strong 75 area support.
It broke out of the downtrending channel it was trading in, it came down to retest the old resistance of the channel as new support, and re claimed the 200 EMA showing strong signs of a new uptrend. Strong support is around 75$ area, and a definite buy for me. Right now I don't see it dipping back there, but will start a short-mid term swing position at 80ish level with PTs at 87 then 95, potentially leaving some left over for the magical 100 if we decide to go there. Stop loss would be under the strong 75 area support.
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