Long AMD for the next 22 days
Looks like AMD is getting ready to bounce back to the upper part of the trend line to make a new 52 week high. This should happen within the next 22 days.
Evident from the charts:
1. Oversold RSI <50 @ 47.98
2. Bounced off lower bollinger band @ 13.06
3. Golden cross - 50 DMA crossing over 100 DMA
4. Bouncing off support line @ 13.13
5. Oversold StochRSI <0.2
Supporting chart links: http://stockcharts.com/h-sc/ui?s=AMD&p=D&b=5&g=0&id=p27196146269
Love to hear your comments!
Evident from the charts:
1. Oversold RSI <50 @ 47.98
2. Bounced off lower bollinger band @ 13.06
3. Golden cross - 50 DMA crossing over 100 DMA
4. Bouncing off support line @ 13.13
5. Oversold StochRSI <0.2
Supporting chart links: http://stockcharts.com/h-sc/ui?s=AMD&p=D&b=5&g=0&id=p27196146269
Love to hear your comments!
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