AMD Trade 04/30/14

After breaking higher through TL resistance 4.10 with good volume 4/21 AMD pulled back and tested daily action reaction. Bought initial position on 4/30 engulfing candle. Did not have screen grab of chart entry for trade.

AMD_043014_TradeEntry.png

May 5, 2014 mid day look at AMD chart.
AMD_050514_DailyActionReactionTLs_Midday.png

May 19, 2014 mid day look at AMD chart.
AMD_051914_DailyTLsMidDayLook.png

Resistance at 4.10 remained but I felt holding the gap and 100 EMA engulfing candle on 5/12 indicated strength and stock acceleration was imminent.

Added to position 5/21 daily with MACD crossing and holding positive RSI tested 50, raised stop to close below 50 EMA.

Stopped out 06/02/14 -.12

July 1 daily close AMD chart below.
AMD_070114_DailyClose.png

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