Advanced Micro Devices (AMD) has settled in a consolidation range in the past month or so.Advanced Micro Devcies (AMD) Daily Chart(click to enlarge)Bullish Stance:- When we look at the daily chart, we see a bullish-sideways marketfor 2017. - The market was bearish entering the year, but started to trade sideways. - However, there is a bullish stance now because price is above the 200- and 100-day simple moving averages (SMAs).- Also, the RSI has tagged 70 but held above 30. It has even held mostly above 40, which suggests maintenance of the bullish momentum since May. Range:- There is a range between roughly 11.90 and 13.20, with a tail that reached almost 13.50. - A break above this range puts pressure on the high around 15.60. And if price can get there, I would not rely on the resistance and expect a bullish continuation. - A break below 11.80 on the other hand would put pressure back on the 9.95-10 support area. If price falls to this support, there might be a bearish implication because price would have completed a double top. - For now, I would lean towards the bullish outlook based on charting analysis.