3rd Jan 2011 – Pattern Study - AMD

Ticker:

 

1. AMD

 

Topic:

 

1. A pre-market gap up study. Have guts to go in?          ;-)

 

Lesson Learnt:

 

1. The stock should go much higher if it went through $10.00.
2. The 3rd try on $10.00 should post a higher successful rate.
3. The price has gone above all the MA lines. Nothing seems to stop him anymore.
4. Tonight's entry should be pretty safe with a stop loss below $7.80. Well... if you have the $$.

 

Intraday Chart

Historical Chart