Replies to post #2690 on AMD strictly moderated (AMD)

[Michael Moy]

I just eyeballed the top and was surprised to see that the
AMD chart looked better than the Intel chart today.

I think that resistance in the upper rectangle will be tough
to crack by OEX. I'd guess that a lot of shorts and put buyers
piled in the last four trading sessions in time for a squeeze.

I think that playing a short-term bounce is a decent trading
strategy but watch those stops!