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Benzinga
Benzinga
Business
Melanie Schaffer

Advanced Micro Devices, GameStop Stocks Print This Reversal Pattern: How To Trade It

GameStop AMD Advanced Micro Devices, Inc GME NYSE

Advanced Micro Devices, Inc (NASDAQ:AMD) and GameStop Corporation (NYSE:GME) have created double bottom and triple bottom patterns on the daily chart.

A double bottom pattern is a reversal indicator that shows a stock has dropped to a key support level, rebounded, back tested the level as support and is likely to rebound again. It's possible the stock may retest the level as support again, creating a triple bottom or even quadruple bottom pattern.

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