If A Top

AMD could trace out a H&S pattern with the peak of the right shoulder formedby mid-to-late April. Not a forecast, but how the shape looks and lining it up with seasonality. Assuming AMD breaks the horizontal, whenever it happens the initial target is 25 percent below the current price in the $60 area. Of course a new high negates a bearish outlook. As long as it holds above support there's no significant bearish action coming.