AMD ready to break through resistance level

For about a month, AMD – Advanced Micro Devices – moves almost horizontally with low volatility. It’s a typical trendless regime, where price moves more or less along its 10- and 20-day exponential moving averages and between its Bollinger Bands.

An interesting fact is that price hasn’t dropped below its 50-day exponential moving average or the lower Bollinger Band. This could indicate that there is resistance on behalf of the bulls, who may take the initiative and push price up.