AMD was trading between pennies and $10.00 a share and has recently broken into the 10+ range on an increase in volume around double what is normal, which is convincing.
A breakthrough from one trading range into the next implies a test of the top of the new range, or measured more, at 20.
There was a rejection at the halfway mark in the range at $15.00 too, but still trending up.
A breakthrough from one trading range into the next implies a test of the top of the new range, or measured more, at 20.
There was a rejection at the halfway mark in the range at $15.00 too, but still trending up.
Comment:
It seems like the gap up needs to be filled in. Look for support around 13-13.1. I think the tesla news was very good, unlikely to proceed past that by much.
Comment:
I would consider the gap filled.
Comment:
look for top today at $14.00... height of the last pole from the previous flag.