Advanced Micro Devices, Inc. and Nvidia Corporation have both formed long-term bullish chart patterns that could provide massive upside for the long-minded trader and investor. Both stocks have formed a bull flag pattern on the weekly chart, with AMD and Nvidia looking close to completing their patterns. When a bull flag pattern is formed on a small time frame such as an hourly chart, the breakout, if the pattern is recognized, can last hours. When it is formed on a larger time frame, such as a weekly chart, the breakout can last weeks. This makes bull flags on larger time frames especially powerful. It should be noted, however, that events such as the general markets turning bearish, negative reactions to earnings prints, and negative news headlines about a stock can quickly invalidate bullish patterns and breakouts. As the saying goes, the trend is your friend until it isn’t, and any trader in …
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