AMD Breaking Above Resistance

The AMD (Advanced Micro Devices) Active Long Trade recently hit the first target (T1) just over a week ago & has consolidated below the 2.21 resistance level since. Today the stock has cleared the 2.21 resistance level, opening the door for a possible move up to the second price target, especially if it can clear the 200-day ema, which it is currently challenging. A tight stop for those still long AMD or adding to the position today could be placed on a solid 60-minute candlestick close below this uptrend line.

2015-11-03T13:08:53+00:00 Nov 3, 2015 1:07pm|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on AMD Breaking Above Resistance