AMD confirmed bottom breakout

[Stocks4life]

confirmed breakout from bottom and starting to enter an upside gap

BREAKOUT CONFIRMED breakout above 2.81, no resistance in area just above.
Type: True breakout from double resistance.
Target: 3.27, 14.3% Stop: 2.69, Loss: 5.9%, Profit/Loss ratio: 2.4 : 1 - Good

CURRENT PRICE 2.86, just above resistance, 2.71 ± 0.09, type double, strength 8

RESISTANCE ABOVE +13.6% at 3.25 ± 0.11, type single, strength 5
+22.4% at 3.5 ± 0.12, type single, strength 5
+29% at 3.69 ± 0.13, type double, strength 4
+42% at 4.06 ± 0.14, type triple, strength 7

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AMD

 

[textrader4]

Nice analysis.

 

[Stocks4life]

thanks tex AMD has been creeping up, reversed that sell off which is usually a good thing especially at lows. imho...

 

[Stocks4life]

was going to post the OCZ bottom gap breakout this morning but thought it may fall under the penny stock rules here, Has done well today.