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MarthaStokesCMT-TechniTrader

AMD: Compression Pattern

Long
Advanced Micro Devices Inc (NASDAQ:AMD)  
MarthaStokesCMT-TechniTrader  
NASDAQ:AMD   Advanced Micro Devices Inc
Support and Resistance Trend Lines Candlestick Analysis compressionpattern AMD bottoming consolidation-breakout resistance_level
5
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supportandresistance trendline candlestick compressionpattern amd bottoming consolidation-breakout resistance_level
Compressions patterns are an important one to watch for in sideways action like a bottom formation. These form as buyers gain dominance over sellers. I'd like a tighter consolidation to develop at the current resistance for lower risk for entry on the breakout.

snapshot
Martha Stokes, CMT
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