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Politics : Formerly About Advanced Micro Devices
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To: milo_morai who wrote (121018)7/27/2000 1:11:25 AM
From: tejek  Read Replies (1) of 1573592
 
Milo,

Check out the Clearstation chart at the link below...it has a little more detail. I have drawn in some green lines so that the past trend and current trend are clearer. Initially AMD was in a very steep uptrend from March to early May....you can see how steep by my first trend line.

Then in early May, the stock's movements began to flatten out and it became stuck in a trading range....represented by the up and down or snaking pattern that began to develop then with its lows being in the low to mid 70's and the highs in the low to mid 90's. My second green line shows that the uptrend is still present but much less discernable.

As we all know, its very hard to go from the strong upward moving pattern from the March-May period to the slower one from May to July. And that's why people are starting to get frustrated. Most TA experts will say, though, that a slow period like this is good for the stock....its like a resting period where the stock can consolidate its gains.


Re the MACD...go to the bottom of the chart. See how the double lines are starting to go below the centerline...that is bearish...you always want the stock to stay above the centerline...unfortunately most chip stocks are below the centerline.

In addition, go lower and you will see the Stochastic....the stock is at the bottom of its trading range between overbought and oversold...clearly, oversold.

Then go back to the top and you can see how the bar there is turning red...bearish. Having said all this, it looks like AMD is ready to turn back up.

clearstation.com

I hope this helps.

ted
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