AMD, bullish pennant formation
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AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to >=30. This gives more confidence that the primary bull trend is in its continuation phase.
AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to >=30. This gives more confidence that the primary bull trend is in its continuation phase.
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