Looking at this chart you can see AMD bounced off the bottom of this giant upward channel that has been forming since last March and touched the 88 resistance line only to be rejected. AMD seems to be deciding which way to go.. Volume is decreasing. MFI is oversold on the 3 hour. My bet is the direction of the arrows. Taking into account that broader market conditions remain bullish. Let me know what you guys think
Comment:
The bottom arrow is suppose to point out the declining volume. It got spaced way above it for some reason...
Comment:
Also if this channel breaks expect AMD to retest 73-75 zone!