Adding to AMD Long

AMD is without a doubt the worst performing trade we have out there, however because it was opened at half of a speculative position, it's still within the risk management tolerance of a maximum 2% of portfolio loss on any one position. I'm going to do something I don't normally do and double down on AMD and bring it up to 50% size of a normal position or a full speculative position because the charts have improved that much. If this were a new position for any of you, I envy you and would love if I were in that position.

Here are the charts.

 a lot of supply has been soaked up at cheap prices, whether accumulation because someone likes AMD or simply market makers having to accept the shares as buyer of last resort, something bullish is going on in the underlying trade as AMD has been in a flat range with the market, actually a bit longer.

 Unlike the market though that has very limited positive divergences, AMD is out to the longer term 60 min chart in a strong way.

 The 15 min chart also leading positive here.

 The 10 min

 And the shorter timeframes are now positive like this 5 min

And this 1 min in the range.

A stop can always be put a few percent below the recent lows.