The hourly chart for AMD has formed a falling wedge. There is stochastic divergence that is signaling a change in momentum and a breakout. The price made a lower low, and the third low is lower than the first. Combined with a stochastic (9,3) that is coiling and making 3 consecutive higher lows, we have a strong divergence signal on the hourly time frame.
We still need the stochastic to curl up, so be patient and get in on the way up.
The stochastic rotated all the way above 80 today and the price didn't budge. The signal failed. If heavy volume comes in this could pop. Going to keep a close eye, but I'll wait for the next setup.