Tuesday, February 12, 2008

AMD - Has It Reached Its Point of Rally

AMD is starting to exibit the signs of a stock that wants to make another move up.

The hourly has a rolling bottom forming with confirming volume with an accumulation pattern on the daily charts.

The key to the puzzle now is two fold.

Number 1. No violation of the lows at 6.22 on an intra-day basis
Number 2. A Higher High and Higher Low with a higher close a bonus, but not a must.

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