AMD falls within ascending price channel - Analysis - 19-06-2019

Economies.com
2019-06-19 14:23PM UTC

AMD's stock tried to gather momentum to help it rise while trading within an ascending price channel in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, hinting at a positive divergence forming in the Stochastic indicator. 

 

Therefore we expect more gains for the stock, as long as the support of 29.17 holds on, targeting the pivotal resistance of 33.50. 

 

Expected trend for today: Bullish 

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