Advanced Micro Devices may fall to 99.40 - 106.70

Our pivot point stands at 146.5.

Our preference

The downside prevails as long as 146.5 is resistance.

Alternative scenario

Above 146.5, look for 159.3 and 167.

Comment

The RSI is below its neutrality area at 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 150.095 and 158.5808).

Supports and resistances

167 **

159.3 *

146.5 **

141.3

128.67 (USD-last)

113.9

106.7 **

99.4 *

92.2 **

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