Advanced Micro Devices may fall to 110.20 - 117.30

Our pivot point is at 150.8.

Our preference

The downside prevails as long as 150.8 is resistance.

Alternative scenario

Above 150.8, look for 162.8 and 170.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 164.014 and 163.1544).

Supports and resistances

170 **

162.8 *

150.8 **

146.1

139.99 (USD-last)

124.2

117.3 **

110.2 *

103.1 **

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