Advanced Micro Devices is neutral

Our pivot point stands at 170.6.

Our preference

Short term technical rebound towards 170.6 before a new drop.

Alternative scenario

The upside breakout of 170.6 would call for 186.5 and 196.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above its 20 day moving average (142.648) but under its 50 day moving average (154.1234).

Supports and resistances

196 **

186.5 *

170.6 **

164.5

150 (USD-last)

131.2

122.4 **

113.5 *

104.7 **

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