Wednesday, March 01, 2006

AMD - Could be Forming a Bullish Setup

Click on chart for larger view.

AMD was a bit of a laggard in today's SOX rally. It did, however, manage to reclaim its 20 day EMA on the daily chart and it formed a bullish inside day after yesterday's downside break. The chart above is a 15 minute view which shows a potential long setup on a break of the down sloping pink segment.


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