Trade Ideas for Thursday - Advanced Micro Devices, Intel and Real Networks
Chart courtesy of www.stockcharts.com ( click to enlarge )INTC formed a sideways consolidation in a narrow range between 15 and 16. Further rise is still in favor after consolidation, and the next target is at 16.60 zone. Initial support is at 15.02 and followed by 14.87, only fall below 14.50 level will indicate that the rise from 11.95 has completed.
Chart courtesy of www.stockcharts.com ( click to enlarge )AMD breaks above 4.50 resistance but failed to close above it. However, further rise is still possible and the next target would be at 5.20-5.5 area. Initial support is at 3.97, as long as this level holds, we'd expect the uptrend to continue.
Chart courtesy of www.stockcharts.com ( click to enlarge )RNWK is testing the support of 2.50. As long as the stock stays above this level, we'd expect range trading between 2.5 and 2.8 to continue. However, a break down below 2.5 level will signal deeper decline to 2.2-2.4 area. Near term resistance is at 2.63 followed by 2.75.
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.
That's all Folks. See you tomorrow !!!
AC
