The chart speaks for itself. Since Su assumed the helm of $AMD the price movement has been predictable. Long periods of consolidation followed by breakouts and long term uptrends. Will the pattern play out again? I believe so. I started a position at $84, added to it above the mid channel around $87 and I'll be looking to fill my position at a close above resistance around $97. Thoughts?
交易手动结束:
Between yesterdays news about the Chinese taking longer then anticipated to review the Analog/Maxim deal and today's sell off I took what profit I had in this trade and I'll wait for a better entry. Good luck to all. I'm still bullish on AMD long term.