The powerhouse chip stock AMD hasn't gone anywhere the past six months. AMD failed a triangle breakout a couple of months ago but two weeks ago it set down on double trend line support and it bounced a little.
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This level support should send it upward for a few weeks, however, this past week it gave back most of the week's gains so the jury is still out. If AMD were to slip through both the lower red channel line and the upper line of the long term green channel, shorting could come in from all directions.
Trade well my friends
Alan
