Advanced Micro Devices (AMD) has been on a sharp rally, which signaled a bullish continuation after a period of consolidation.Advanced Micro Devices (AMD) Daily Chart(click to enlarge)Bullish Continuation:- The market was bullish heading into March, after which there was a period of consolidation.- Price came down to the 200-day simple moving average (SMA) and bounced up, which is a good sign that bulls are still in charge.- Then, price broke above a falling resistance, which adds to the case of bullish continuation.Anticipating Support:- Now that price has shown some strong signs of bullish continuation, we can anticipate support around 12.40-50. This is a support/resistance pivot, and if price came back down here, it would be testing the broken resistance as support.