NASDAQ:AMD Advanced Micro Devices Inc
Its has M-reversal Pattern.A double top is a pattern for two successive peaks, which may or may not be of the same price levels. The pattern looks like an M. A double top pattern occurs when the stock fails to continue the uptrend in its second attempt as it meets resistance pressure from sellers at its highs. In a market rally, sellers suddenly take control and push the price downward. Price begins to retreat to a level that is considered attractive for buyers. The buyers enter the market and push the price up to make a second top where it finds new selling pressure, which pushes the price down past its last trough. When the price declines below the low point established between the two tops, a double top pattern has been activated.