AMD been bouncing off this channel support beautifully, but unfortunately has dipped below the 50ma and has recently started to respect it. It still ended the day strong breaking upwards well above vwap, so it could keep going but I doubt it. If it continues to get rejected by the 50ma it will dip to test 89 again. Possibly lower after that. Good news is this is par for the course as AMD had a decent run from 74. Now its time to cool off before the next go past 100.
Comment:
Beautiful bounce on support