Friday, May 11, 2007

AMD Analysis for 05.11.2007

Monthly chart shows a base is forming, with early buyers stepping back into the stock.

Weekly charts shows more clearly that the selling has stopped, with early buying in place. First upside resistance/target is the LIS at $16.90.

Daily chart shows a higher low forming, with buyers coming out in force the last 3 days of the past week.

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