Friday, July 24, 2009

AMD Short-term break out

AMD which was mention on Wedensday as well.  Has made a short-term break out on the 60 min chart.  3.60 was former resistance and should provide some strong support.
Clean trade with a clean out. 3.59 is your out.  I'm waiting for it to pull back a little bit, also I am still holding from my 3.53 entry. I didn't use my stop on the run down on Thursday, I was holding QID and wanted to hedge it if tech started to rip up so I kept AMD.