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chiefwils0n

Weekly Squeeze Lifted. Target: $70

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
chiefwils0n Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Analysis Chart Patterns
13
3
trendanalysis chartpattern
Greetings investors and traders. I’ve been monitoring AMD since it entered a period of consolidation in early April. AMD has been in a $50 - $57 channel for (3) months. With earnings approaching (28 July), the squeeze was lifted today, to the upside, with bullish momentum. Resistance is at $60. Target is $70, but may climb much higher in the coming months.
  • 12 Week Squeeze released (upside)
  • Momentum Increase
  • Resistance is $60
Comment:
AMD broke through $60 resistance.

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