We are approaching a key level of resistance at $13.30. We have formed a very similar minor resistance cross over as the price approached the key resistance in the past. If history repeats it's self, we will see it drop under $13.30 to form a head and shoulders pattern.
Comment:
As it stands, we did not break the minor resistance level, or even test a key resistance level. I don't think AMD is out of the woods yet, as I did draw my right shoulder a little narrow upon further review. Bulls and Bears will want to keep a keen eye on the days to come. Volatility is starting to squeeze and the release could underline a significant directional movement.