Replies to post #20204 on Advanced Micro Devices Inc (AMD)

[yourbankruptcy]

HailMary, unfortunately that is not happening. What I see is that AMD touched $14.5, got very strong resistance there and bounced back up. After bounce to $15 the volume completely evaporated, so there is nothing to move it up.

I think we should watch the volume. If the stock retreat to ~$14.75 and volume picks up again it will be a strong desision point - at that point we may move either up or down.

But if the volume picks up at current level I would guess it will rather go up. Right now everything looks newtral.

This is very IMHO and uneducated.

[sgolds]

HailMary, yourbankruptcy, that was only the intraday Bollinger band. The price is still nearer the lower end of the band on the 3 month chart. Since intraday trading has different characteristics I suspect you will find the stock crosses the band boundries frequently. It is only significant for the day you are observing it, not for any longer periods.

[dougSF30]

Yes, but what we really want is a striped candlestick with an ascending goose-neck pattern. *That* would spell $30 within 17.35 trading days.

Doug