danielgwatkin

AMD bullish flag pattern

Long
NASDAQ:AMD   Advanced Micro Devices Inc
Hello traders. Above is a possible bullish flag forming on the AMD 4 hr chart. This is probably due to positive feedback from critics coming from the company’s presentation at their CES. It also tell us the bulls are not prepared to sell causing the price to suspending with buyers waiting to get in and are getting impatient causing the bullish flag pattern and subsequent causing the burst to the upside. It may take a few days or more but I see this as a possible move coming up which could get us past the $50 road block. If it does occurs then $55 is quite possible in short shift ( quickly happening). I will update this post moving forward unless there is a break in the opposite direction.
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