AMD trade plan:
TARGET 1:
Price: 3.17 Profit: 18.7%, for a typical rally.
Stop Limit: 2.54
Profit/Loss Ratio: 3.8/1
TARGET 1 RESISTANCE: +6% at 2.83ish
TARGET 2:
Price: 3.25 Profit: 21.7% , for an extreme rally.
Profit/Loss Ratio: 4.4/1
PULLBACK:
TARGET 1 Price: 2.07 Profit: 22.5% , for a typical pullback.
TARGET 2 Price: 1.89 Profit: 29.2% , for an extreme pullback.
Other observations: Stock falls once it reach 2-5% above upper bolli band "every time". For now its technical play BUT if new management comes out with restructuring plan, decide not to compete INTEL and focus on other market then this could see some mojo. Monthly chart shows rythm in chart pattern - falling wedge...rising wedge.
TREND - BULLISH refering to last 3 day chart pattern.
Confirmation - Average bullish 1 day moneyflow
Best,
scooter
