$AMD long entry at 4 bucks $AMD put in a low on
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$AMD long entry at 4 bucks
$AMD put in a low on the daily chart over the period of July through August and is consolidating bullishly. Having been beaten down over 50% since April this area represents a promising risk reward set up with an entry at +/2 5 cents at 4 bucks.
Watch for a move to 4.50 and then towards 5 bucks. A 10% stop or lower closes below 4 bucks would signal exit.
[IMG]http://i.imgur.com/bsVSv.png[/IMG]
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