Sparky777
Long

Pick a channel any channel

BATS:AMD   Advanced Micro Devices Inc
244 1 0

Looking like AMD             is having trouble deciding how fast to move up...good news is , we have gaps to fill at $3, $4.62 and $5.40, AND THE WILL BE FILLED, only a matter of time : )

1 - Looking to resume old power trend channel
2 - A new channel has been formed, confirmation of it thise week with bounce off 2.72
3 - Will it continue to break above the old channel? or will it break down into the new channel

Today it held outside the old channel, good sign, but it's not over yet. Will see what happens Monday, set your stops tight, if it goes down under the new channel, it will touch the bottom of it, like every other time...Rising support on new trend line will be 2.36, 2.37, 2.38 etc...

Hopefully offering support @ at least 3.70, the top/high of channel #1. What's your take on the future trajectory of $AMD? Hard to judge these steep climbs, but I see it climbing throughout the summer with its new partner and (needed) momentum.
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