Hi Shoppers,

Check out these two bullish charts.

In Advanced Micro Devices (Ticker: AMD) a hammer was formed on Friday:

A hammer can be found at the bottom of a downtrend and it may signal an end of that trend.

Be sure to wait for the confirmation of AMD trading higher on Monday morning before hopping in on the long side.

I think AMD could trade back up to its 50 moving average at $67.74.

The other bullish chart is Intel Corp (Ticker: INTC):

On Friday, INTC broke out over that downward sloping trendline that has been in place since the end of March, the red line.

It also closed above the 50 day moving average, the blue line.

I think INTC can trade back up to $30.30 and then on to $35.30.

Use the 50 day moving average at $28.23 as your stop loss.

Thanks for Reading … See You Next Tuesday.

Licia Leslie