TD 9 on the daily for AMD... Short Term Bottom??AMD has created a perfect 9 buy on the daily chart and I believe this is a good time to buy short term calls or buy the stock for a bounce to the upside. Target is the mid $12's range. It should move easily through the 61% retracement since that has provided very sloppy support and resistance but I am unsure if it will have the power to be able to break the 78% retracement. It is also possible it stalls in the $11 range, since that is the prior swing low. The 11 range might be a area to take some profits and let the rest ride into the 12's. This is not a long term trade and money should be pulled quickly on further downside
Happy trading
