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Advanced Micro Devices ($AMD) : Possible consolidation range

 

AMD has fell from $8.40 to $6.90 within one short month.

From the Ichimoku chart, there is a possibility that it may consolidate between $6.90 and $7.20

Rumours includes new CEO (from IBM).

Note:

At this moment, there is no confirmation that the consolidation range will hold. Neither are there confirmation of a bullish signal. I am vested and is making a bet that there may be some positive catalyst in the tunnel.