Advanced Micro Devices, Inc. - Ascending triangle
AMD stock is setting up for a possible breakout above $22 resistance area. The chart is showing an ascending triangle setup ready to breakout of a consolidation base. The Ascending Triangle is a bullish pattern, the formation occurs as sellers dump shares at resistance, then after the stock declines buyers come in attempting to pick up a bargain, which makes shares rise again, so keep AMD on your watchlists.
Bullish stocks - Keep an eye on RMBS, JDSU , SIRI, GOOG, AAPL.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
AC
Labels: AMD
