-AMD broke out from the downward trend today and closed above the $11.75 line.
-RSI reached the bottom and started moving upwards.
-MACD looks good also.
-New target between $13.15-13.50.
-One more thing: Change the candle width to 5 minutes, and look at the Volume in the last 10 minutes before closing. There is a f***ing big volume. Daytraders sold their...
Seems it's not the $12 support line the stock bouncing on. There is another support line, pointing slightly upwards (~+0,5% / week). If you scroll back, you can see that it fits with the overall stock trend. In the past, it was a resistor multiple times, but it's mostly a support line since the Q4 of 2016.
After a triple bottom at the super strong support line around $12, AMD broke out from the triangle and it's on a sharp upward trend. Some people started to bury the stock since it sank under the MA 200 line, but I always say: Be flexible with the technical analysis! It's just a set of not-so-strong rules based on human psychology and some mathematics, so anomalies...
Gentleman, it's time to buy AMD!
-Seems there is a strong support line at $12. The stock value bounced twice already.
-The fibonacci 0,61 testing of the upward trend of the last 3-4 months is also at the $12 line.
-The 200 day moving average sometimes a strong support, sometimes a strong resistor. It appears to be a support now. (Also around $12)
-The candles of...
