Multi year inverse head and shoulders. there is some some nice asymmetry in the shoulders. A nice rising wedge forming on the right shoulder. Tech is oversold. With the AMD buyout offer on the table at 1.7234 shares AMD for 1 XLNX this is a nice hedge. offer has yet to be formalized by the regulatory agency so not a set in stone deal by any means. 210 is a nice PT from measured move in the head. watch to confirm breakout higher. disclosure--LONG positions in AMD & XLNX.
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