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Handle for the cup?

$Advanced Micro Devices (AMD.US)$ Technically, If AMD keep trading sideway for another week, it is likely forming a handle for the cup. Fundmentally, AMD has never been better, hopfully we can see $150 by EOY.
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  • Pcube : $Advanced Micro Devices (AMD.US)$ I'm still a bit new to stock trading. I can understand what you mean by side ways trading. At the same time, can I interpret that the stock is trying to test out a new support level?

  • XIRR20PERCENT OP Pcube : Yes. I guess so. Many think that the run up before the ER has priced in the strong report and thus selling the news. The strong fundamentals won’t let the price drop too much. A bit more catalysts like 11/8 event Samsung Radeon news etc may foster another exciting run up.

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