AMD confirmed bottom breakout

confirmed breakout from bottom and starting to enter an upside gap

BREAKOUT CONFIRMED breakout above 2.81, no resistance in area just above.
Type: True breakout from double resistance.
Target: 3.27, 14.3% Stop: 2.69, Loss: 5.9%, Profit/Loss ratio: 2.4 : 1 - Good

CURRENT PRICE 2.86, just above resistance, 2.71 ± 0.09, type double, strength 8

RESISTANCE ABOVE +13.6% at 3.25 ± 0.11, type single, strength 5
+22.4% at 3.5 ± 0.12, type single, strength 5
+29% at 3.69 ± 0.13, type double, strength 4
+42% at 4.06 ± 0.14, type triple, strength 7



source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AMD

 

Nice analysis.

 

thanks tex AMD has been creeping up, reversed that sell off which is usually a good thing especially at lows. imho...

 

was going to post the OCZ bottom gap breakout this morning but thought it may fall under the penny stock rules here, Has done well today.