Advanced Micro Devices may rise to 192.20 - 200.00

Our pivot point stands at 153.2.

Our preference

The upside prevails as long as 153.2 is support.

Alternative scenario

Below 153.2, expect 141 and 133.5.

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 both its 20 and 50 day moving average (respectively at 161.851 and 151.0192).

Supports and resistances

207.6 **

200 *

192.2 **

184.6

167.89 (USD-last)

158.1

153.2 **

141 *

133.5 **

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