About meI am a 25 y.o. entrepreneur and trader. I teach traders about technical analysis terminology and textbook setups. The point of my posts and teachings are to give traders a resource to supplement their DD, not give financial advice for buying or selling.
AMD looked to possibly test the lower basis MA on the Bollinger Band in the $12.60's area. However, it has caught a bid in the mid 13's. In order to blow past resistance that has been tested 5 times so far. There needs to be MASSIVE volume and new buyers.
NAK has been trying to break out here for the last week but selling pressure after the initial pop to $1.60's quickly brought price back down. Currently price is at both the demand zone and basis MA on the Bollinger Band. Looks to be consolidating.