AMD has had a breakout to the downside. It's a hammer candle though, I don't believe I fully trust it. The smart thing to do here is to wait for some kind of pullback, see if it tries to re-enter the support level on the chart. If it attempts to re-enter the support level and fails (ie: the support level becomes a resistance level) I will take this as confirmation.
BAC
BAC is currently working through stage 3. It is testing its support level now.
BBY
BBY is still building in an upside triangle formation, attempting to break the ceiling of resistance. I would be leery of this one simply because the market as a whole is poised to turn over and head to the downside, so any trade to the upside here would be going against the general market.
F
F appears to have broken through its support level at $12.20. I would like to see it pullback and retest an entry above this level before thinking of it as a trade confirmation. If it retests an entry, and the support has become a resistance, then I will consider it confirmed.
GE
GE has very clearly broken through its support level. I will consider this confirmation as it has clearly broken its support. My next post will have a practice trade for GE.
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