AMD has been ranging between 3.00 and 4.50 for one year and is now gaining strength. A trade above 4.65 would have an important impact on this stock. First target around 6.00. That downward trend-line could create some resistance .
Comments
QuantitativeExhaustion
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Fooled a lot of people
LEONES
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AMD now at 4.65...
Trance-Man
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Volume above average and steady accent into close so far today, looks like it will close at or a few pennies above the resistance line, woooo! Then it's up more from there! You all agree, disagree?
LEONES
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yes, i agree it could go easily to 6.00
Trance-Man
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I think it will - for me $6.00 is a done deal any moment this week.
LEONES
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not a good sign today..resistance in place
illuminator
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Thanks for sharing. Nice analyse.
Really think they do can take some slice of intel. PC market for intel is going up so this will also work for AMD. Maybe in a smaller way. But it will help.
Call option for 20 juni 2014 @4.50 are @High volume based when you look at volumes at the rest of the call options. AMD can end this week above 4.50
Also short interest is getting lower every month.
Happy trading all!
Trance-Man
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GO AMD!
LEONES
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let's see if they can take some slice of market form Intel