Advanced Micro Devices may rise to 166.50 - 174.90

Our pivot point stands at 126.7.

Our preference

Short term rebound towards 166.5.

Alternative scenario

The downside breakout of 126.7 would call for 112.9 and 104.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 141.473 and 156.1426).

Supports and resistances

183.4 **

174.9 *

166.5 **

158.1

141.13 (USD-last)

132.2

126.7 **

112.9 *

104.7 **

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