AMD is looking to end its year long consolidation and look to new horizons.
Thoughts: * Looking at the weekly or even monthly time frames you can see it's in a clear up trend * It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs. * Very high trading volume likely to push the price higher from here.
Trade idea: * Judging by the price-action it seems like this may come back to retest the $87.40 area. * Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
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Nice healthy pullback!
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AMD is giving multiple buying opportunities in the $87 area.