13th July 2011–Pattern Study–Is AMD processor slower?

Ticker:

 

1. AMD

 

Topic:

 

1. AMD definitely looks like a good SHORT candidate. Don't you think so?

 

Lesson Learnt:

 

1. It punched down through the Big wedge formation. Pretty Bearish !!
2. All MA lines are its resistance lines now. Now it just punched through it long term 200MA line -- a DEATH penalty?!

 

Intraday Chart

Historical Chart