AMD erases recovery hopes - Analysis - 06-05-2021

Economies.com
2021-05-06 09:39AM UTC

AMD's stock fell 0.99% in the last session amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, while the RSI reached oversold levels. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 73.83. 

 

Expected trend for today: Bearish 

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