AMD Breaks Through 2-week 618 Fibonacci Level

AMD closed above its weekly resistance level at $32.50, also breaking through the 2-week 618-fib level. Fisher transform convergence indicates a coming push towards the next fib level at $33.20.

Watch out for a retest of the $32.50 resistance. If it holds, we have a strong bullish signal - otherwise probably a good time to take profits.