AMD reversal on the weekly - Turtle Soup Buy (Rashke)

With a close above previous 20 WEEK lows AMD has set up a power reversal pattern on the WEEKLY chart. Stop = prior 20 week lows (9.70).

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Emphasizing that this trade is cancelled below 9.70.

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As AMD rises out of the monthly bullflag (see prior post) caution at key pivot 15.65 (previous weekly high). This would set up a Turtle Soup Sell on the WEEKLY chart. Same rules. Note: Key pivots are often traded through repeatedly.

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AMD monthly bullflag objective met (x=y). A close below 27.30 sets up a turtle soup sell on the weekly.