Advanced Micro Devices Inc (AMD)

[sgolds]

BUGGI, thanks for the excellent AMD TA charts! My conclusion from your explanation is that the signals are mixed now, but a close above 18 would be very bullish for a run to the mid 20s.

First, the shortterm one:
- BB broadening
- candle 50% above BB - means caution!
- downtrendline broken - very good
- support through 3 gaps hold - very good
- stochastik signals overbought - just the first sign of a couldbe-correction
-volume stable - I expected more

These are very mixed signs, no consensus. However, if we continue to close above the BB, even one more time, then it is bullish - the start of a trend. So far today the price is cooperating.

I do have a problem with the last box you drew in the second diagram. In the long history of that chart there was no other box formation which started close to the top of the previous box. Do you think the recent small dip would give a base for expecting such a box?