AMD-The mugshot of a slow bullish winner

BATS:AMD   Advanced Micro Devices Inc
534 28 5
ABCD pattern might be successful finished @ 5.36 and probably until the earnings will be realised. After that - a pullback could be in play.
update weekly- definitely a bullish ascending triangle setup on weekly- broking the resistance it would help the price reach the 7 level. Earnings in 3 days and always a rollercoaster for AMD.
Forgot to attach picture:) 1 trgt shown
This is going to make higher highs
littleriver sublimares2
Thanks for the update. I agree. Looks very promising here.
Thanks for the chart!
I agree to your target. But I think it will rise much slower. If you compare how it behaved within the first 2 waves the you can imagine that a downward correction is due now so that the timetable until the earnings is to tight. We may see the target but later, perhaps in March.
Yeah, I'm betting second and third quarter's will be great. Third even better. I also know AMD is a news driven stock, so if we get the news Apple, Microsoft, Samsung, LG, or Google is moving to AMD for APU/GPU systems in there smartphones/tablets, we will see an explosive stock move. This will probably happen this summer. I'm targeting $12+
sublimares2 motleifaul
I agree it- it is a slow moving stock but with a little help from media hype this might easily gain the $1on the upside.
Media will aid on non-earnings day's like today. When it comes down to earnings, numbers speak louder than words.
sublimares2 QuantitativeExhaustion
Very true - we still have 4 trading days until earnings and for sure some signs will come out.
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