$AMD long entry at 4 bucks $AMD put in a low on

$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]