15th Feb 2012 – Pattern Study – A bull in AMD chip.

Ticker:

 

1. AMD

 

Topic:

 

1. AMD processor seems to be running higher.

2. There is a bull in the chip!

 

Lesson Learnt:

 

1. A very strong intraday chart that shows continuous upward move.

2. Daily chart shows that price has been rallying for the past 2 months, non-stop.

3. All the daily MA lines are taken out.

4. Weekly chart also shows that the price has just taken out the last resistance MA line, the 100MA line.

5. Monthly chart is even more interesting. The price now is challenging with the long tern 20MA line.

 

Intraday Chart

Historical Chart