Wait for AMD at 8.25

Wait for AMD at 8.25

A reader requested a stock chart for AMD, here's the technical analysis:

AMD has had a nice climb since the glitch crash, however it just touched resistance at 9.76 and has backed off. Specifically the shooting star candlestick indicates further downside. There are a few weak levels of support at 8.9 and 9.3 that may hold, but AMD could drop as far as 8.25 or to support from trendline A. If AMD hits trendline A then I think it's a great long play.

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