AMD Charts

One of the reasons I was a little disappointed in AMD's break below support is there wasn't a lot of volume/stops hit, when there is it creates supply at cheap levels that can be accumulated without anyone suspecting anything as someone has to take the other side of the trade, unlike accumulation in at support where there isn't the same level of supply and any larger orders would drive price against those picking up shares or accumulating.

There are a few tell-tale signs as well as signals.

 AMD's stops hit on a continued move lower, at the white arrow this is a concept we see quite often, a bullish candle (in this case a hammer) with a volume surge, these tend to be reversal points and work on all timeframes, this is 15 min. Then the flat range we often see accumulation or distribution and the lower volume that often accompanies it.

 The 1 min chart leading positive or adding to it since breaking support this a.m.

 2 min chart leading positive at the flat range.

 3 min chart is putting in a nice leading positive divergence here.

 Even the 5 min has a large relative positive and leading positive at today's flat range.

Since the 15 min chart turned down, we now have a large relative positive on an important timeframe.