28
Jul
2010
AMD has sold off most of the past month, but it looks like to have found a bottom last week. The stock closed up $.14 yesterday. After break key level 8.10, the stock topped at 8.25 and closed at 8.21. From a technical perspective, we can see on daily chart above 3 bullish candlesticks with higher high and higher low for the past 3 days suggesting that the stock is in strong bullish momentum. The bias is on the upside, targeting 8.75 area. Immediate support is seen at 8.01 followed by 7.82.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
