Friday, November 9, 2012

AMD Update

We've been paying attention to AMD as a long recently, it has also shown some extreme 3C momentum as mentioned yesterday in this post,  also talked about yesterday in this post and AMD was an add to yesterday as well.

AMD is up about 3.5% today and the charts still look very interesting.

 The recent momentum in the intraday chart's trend-3 min

 I won't post all of AMD's chart's but the 5 min in the intermediate and below...

A 2 hour positive divergence which is a large and important timeframe.

I'm still watching MCP and looking if there's any information to clear this up, but I may switch some shares from MCP over to AMD as long as it doesn't violate the position size limit

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