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Registered User
Joined: 4/18/2005
Posts: 4,090
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anyone else see that AMD is startign to show a positive TSV divergence... or am I the only one tht thinks this has been mercilessly hammered and hasn't had a bounce of any real sort yet. I'm not talking a long term position... just a few days of upside correction... some Buy to cover action at least.
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Registered User
Joined: 12/14/2005
Posts: 9
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I've been watching this one very closely as well. I wouldn't do anything until the price reverses and break the downtrend. At the very least watch and wait for the price to move above the 20 dma on some good volume. TSV may be changing, but MS and BOP are not where I would like them to be to think that AMD has truly "bottomed."
If you are guessing the bottom here and entering the stock, I would immediately get out if the price drops below $13.53. My guess though is that it will go sideways for the next few days before we will know what direction it will proceed. When the price begins its move then I will decide what I will do.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Naturally .. Bottoms dont form over night.... bounces can happen. I actually entered on the last big white expecting a bounce there... I used a trailing entry off the high of the black doji fromteh previous day and kept moving it up till that day... I intended to get out in about two days... but you can see how that workd out. Part of tht was just market timing.
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