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Jerryb1225

AMD Rising Wedge, But bullish Ichimoku (2 Day)

Advanced Micro Devices Inc (NASDAQ:AMD)  
Jerryb1225  
NASDAQ:AMD   Advanced Micro Devices Inc
Trend Lines Candlestick Analysis Technical Indicators Ichimoku Cloud ichnokucloud Stocks AMD Rising Wedge Bullish Patterns Bearish Patterns cloud
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trendline candlestick indicator ichimokuclouds ichnokucloud stocks amd risingwedge bullish bearish cloud
AMD right now is creating a rising wedge. This should break to the downside, however the ichimoku is currently very bullish. I predict that AMD goes to $32 ish, and has a dump, possibly all the way down to $12-$13, or even $6.

Bullish Signals:

Price moves above cloud (trend)
Cloud turns from red to green
Price Moves above the Base Line (momentum)
Conversion Line moves above Base Line (momentum)
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