AMD has been on a pretty strong rally for the past few weeks. However It has broken down out of an ascending triangle pattern after double topping the 130 level. There's a solid support level at 116.8, but with the big rejection of 130 and a big red day of momentum Friday, we could see it test the gap fill of 108.4 before moving higher
NYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65
-Falling Wedge breakout and retest wedge-line as support
-Bottom of channel bounce with strong green candles
-Buying volume vastly outweighs selling volume from trend
-RSI showing momentum with plenty of room to run
Good idea...
