Advanced Micro Devices may rise to 185.40 - 192.90

Our pivot point is at 148.5.

Our preference

The upside prevails as long as 148.5 is support.

Alternative scenario

Below 148.5, expect 136.4 and 129.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 148.3455 and 146.1942).

Supports and resistances

200.4 **

192.9 *

185.4 **

177.9

162.02 (USD-last)

153.4

148.5 **

136.4 *

129.1 **

Number of asterisks represents the strength of support and resistance levels.