Advanced Micro Devices, Inc. (NASDAQ:AMD) As expected, the stock broke the downtrend line on daily chart confirmed by Fridays candle on volume above average. Price had been in consolidation for nearly five weeks after a fantastic performance in February. Friday’s move initiated new momentum, which will probably test the 52-week high in the 15.55 area. My long term bias remains bullish.

MacroGenics Inc (NASDAQ:MGNX) price needs to break the large falling wedge pattern above 19.24 to confirm a trend reversal. Most technical indicators are displaying positive upside momentum.

Facebook Inc (NASDAQ:FB) watch for a possible breakout out of current small consolidation. If you trade in the daily time-frame, as long as the stock holds above the 137 area, the pattern of higher lows and higher highs remain intact.

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog.  All views and analysis belong to the author.

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António Costa
I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I write guest posts for Stockal to share my thoughts about capital, risk management, and trading. My posts contains only my personal opinion and are provided for informational purposes only.

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