AMD Advanced Micro Devices
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     ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 420
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Wednesday, January 10, 2007 - 08:17 pm: |  
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AMD has been falling and one should not invest in it but there are some positive points here. It has pulled back to the pivot point from August at $19.37.
The last few days have respected the trendlines quite well and its worth to have a closer look at the minute action.
In the minute chart we can see a six month low double bottom of $19.32 followed by a failed wedge followed by a second double bottom at $19.37 followed by a range that was broken to the top between $19.37 and $19.57. I actually stayed up last night and watched this range bound action and the buyers heaped in as it touched $19.58. After it moved out of the range it pulled back into it and then back out. It remains suspended at the top trendline and a break to the top could be another positive signal.
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ohk
Lies, Damn Lies and Technical Analysis
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hershy
Member
Username: hershy
Post Number: 1862
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Wednesday, January 10, 2007 - 09:47 pm: |
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Hey Kool one,
You've got everything there except the kitchen sink. 
Yeah, I've been looking at this one too and am waiting for the DMI to turn positive. Don't intend to enter, just watching it.
I don't have a plan so nothing can go wrong !!!
http://members.optusnet.com.au/~hershy/
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 437
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Saturday, January 13, 2007 - 04:56 am: |
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It looked so promising. stopped out.
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ohk
Lies, Damn Lies and Technical Analysis
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