Advanced Micro Devices may fall to 133.80 - 139.30

Our pivot point is at 168.3.

Our preference

The downside prevails as long as 168.3 is resistance.

Alternative scenario

The upside breakout of 168.3 would call for 177.9 and 183.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 161.813 and 158.648).

Supports and resistances

183.6 **

177.9 *

168.3 **

164.6

157.5 (USD-last)

144.9

139.3 **

133.8 *

128.2 **

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