Last earnings beat expectations and AMD is delivering chips for Wii U, Sony PS4 and Microsoft X-box which could give it a new opportunity.
I believe it is in an ascending triangle and will very soon break through resistance at 2.92.
If the trendline doesn't hold it might just need an extra attempt to break through the resistance, but if I see significant weakness I will close the position.
Comments
lucky_human_foot
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take off!!!!!!!!!!!!!!!!!!
lucky_human_foot
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Looks like it is breaking out. If it goes beyond 2.92 I will buy more
lucky_human_foot
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getting back on track :-)
Algokid
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Thanks for sharing this .I'm following the chart for now and have an alert to buy if it goes above 2.92. :)
QuantitativeExhaustion
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good idea
Algokid
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Thanks for sharing this .I'm following the chart for now and have an alert to buy if it goes above 2.92. :)
lucky_human_foot
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Sounds like a sensible entry point. Unfortunately the trendline was broken today.
QuantitativeExhaustion
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Actually the best entry would be a break above the major descending trendline. Check the chart above
QuantitativeExhaustion
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lucky_human_foot
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I looked up Wolfe Wave and was just about to ask you to illustrate it. Thanks for that. I just opened a position now and will cross my fingers that we are right.