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From Downtrend to Upswing?

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Despite AMD's slide in a descending channel, a potential "inverse head and shoulders" pattern is emerging (see those shoulders & head?). This bullish signal suggests a possible trend reversal if it can break through that resistance near $116 (the "neckline"). Channel breakouts + patterns? Intriguing! Is this AMD setting up for a rebound, or just a tease before another dip? What's your take?

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