Advanced Micro Devices may fall to 100.30 - 107.80

Our pivot point is at 158.5.

Our preference

The downside prevails as long as 158.5 is resistance.

Alternative scenario

Above 158.5, look for 172.6 and 181.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 159.369 and 161.1968).

Supports and resistances

181.2 **

172.6 *

158.5 **

152.9

132.54 (USD-last)

115.3

107.8 **

100.3 *

92.9 **

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