Posted On: 03/09/2014 8:02:55 PM
Post# of 2561
AMD Daily Chart ~ The $3.30 Level of Last Month, Was the Bottom
Link back to my Feb 9 comments for AMD. The high 3.20s/low 3.30s was, in fact, the bottom. Those that re-entered AMD for another swing trade are now up approx 22% after the move from 3.29 to as high as 4.02. I didn't go back into AMD even though the FullSto and MACDs had reset to a buy crossover after the drop from 4.60 set in mid January when the stock was outside of the upper bollie. The stock has been trending within its consolidation box of approx 30 days until Friday morning when it decisively broke out to the upside. The closing of the gap to the 4.10s in underway. The stock is once again outside the upper bollie now, and that's always a caution sign to protect one's profit. AMD has been a good one to swing trade for 20-50% for those that use patience and discipline. It's not that hard to swing trade consistently in the green. GLTA
Link back to my Feb 9 comments for AMD. The high 3.20s/low 3.30s was, in fact, the bottom. Those that re-entered AMD for another swing trade are now up approx 22% after the move from 3.29 to as high as 4.02. I didn't go back into AMD even though the FullSto and MACDs had reset to a buy crossover after the drop from 4.60 set in mid January when the stock was outside of the upper bollie. The stock has been trending within its consolidation box of approx 30 days until Friday morning when it decisively broke out to the upside. The closing of the gap to the 4.10s in underway. The stock is once again outside the upper bollie now, and that's always a caution sign to protect one's profit. AMD has been a good one to swing trade for 20-50% for those that use patience and discipline. It's not that hard to swing trade consistently in the green. GLTA
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