A huge Cup & Handle is formed on AMD stock trend that goes back to 2007-10-15. Thanks to the new processors and graphics cards as well as booming cryptocurrency market AMD is on the rise since early last year. Moreover, trading volume has been on a continues rise. I'm guessing a lot has been accumulated by investors. The upcoming earnings report will play a big role on the direction of the stock. Upon positive news it should break out of the C&H and moon over the next couple of weeks. Target price will be $27.80.
Dude, a cup and handle this long term is meaningless. People are not looking at graphs with this sort of time range and so this technical analysis will not influence any buying or selling.
samandreasfault
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This is amazing. Thanks for sharing. Have any analogs for when a C&H this big actually worked out? I've seen much much smaller time frames work only.