Advanced Micro Devices may rise to 191.00 - 198.70

Our pivot point is at 150.5.

Our preference

The upside prevails as long as 150.5 is support.

Alternative scenario

The downside breakout of 150.5 would call for 138 and 130.6.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 157.0765 and 164.4653).

Supports and resistances

206.4 **

198.7 *

191 **

183.1

166.36 (USD-last)

155.3

150.5 **

138 *

130.6 **

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