Advanced Micro Devices may rise to 182.50 - 188.40

Our pivot point is at 149.2.

Our preference

Our next up target stands at 182.5.

Alternative scenario

The downside breakout of 149.2 would call for 139.6 and 134.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 160.882 and 159.1384).

Supports and resistances

194.4 **

188.4 *

182.5 **

176.4

164.31 (USD-last)

152.9

149.2 **

139.6 *

134 **

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