AMD Consolidation Coming to an End

AMD has had a fantastic run over the last 2 years (~$1.60 to ~$15.60) and it looks to be due another leg up once this consolidation has finished.

After the double top we pulled back to the 0.618 of the last leg, sitting on the current support and above the 200 EMA on the daily.

The MACD is turning up; stochastic is oversold and RSI seems to be in a falling wedge.

Target for this trade is ~$20, and will be void if we fall below the current support and 200 EMA on the daily.