Advanced Micro Devices may rise to 192.00 - 199.70

Our pivot point is at 150.6.

Our preference

The upside prevails as long as 150.6 is support.

Alternative scenario

Below 150.6, expect 138.8 and 131.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 160.146 and 163.0161).

Supports and resistances

207.1 **

199.7 *

192 **

184.6

166.9 (USD-last)

155.4

150.6 **

138.8 *

131.6 **

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