Advanced Micro Devices may rise to 195.70 - 203.40

Our pivot point stands at 158.3.

Our preference

The upside prevails as long as 158.3 is support.

Alternative scenario

The downside breakout of 158.3 would call for 145.5 and 137.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 157.8465 and 148.606).

Supports and resistances

211.2 **

203.4 *

195.7 **

187.9

170.99 (USD-last)

163.2

158.3 **

145.5 *

137.9 **

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