Absolute stunner for technicals, all indicators point to a breakout above a 20y-old upper trend-line, including a run for the all-time-high (later). At this point it's difficult to say how the stock will behave after the run, or where that run will stop or consolidate respectively. But for now it's all about the stock sitting on top of the 'weekly' Heikin Ashi Average and is aiming at that 'weekly' PSAR point (perfect straight series!) right above it which is very likely to break this week. As mentioned in a previous analysis, the stock creates recurring higher highs, sits on top of all MA's and is therefor rated strong-buy.
Comment:
Yesterday's gap has been filled. All up from here.
Comment:
Still making higher lows:
Comment:
AMD posts below estimates, stock is lower but holding steady above $32.
Comment:
Earnings release was quite impressive actually, while below estimates, great guidance and in profits after all. Most of its expenditures went to R&D. AH performance looks rather balanced. Stock remains bullish, including an in-tact cup-n-handle.
Comment:
Likely to touch down on the trend line before heading higher.
Comment:
Stock remains bullish above $31
Trade closed: target reached
