AMD hits again at historic resistance - Analysis - 15-07-2019

AMD's stock started higher and tackled the historical resistance of 34.00, while trading within an ascending price channel in the medium term, with positive pressure from the 50-day SMA, while venting off overbought saturation in the RSI. 

We stand neutral until the stock moves on 34.00, and in case of a breach it would open the door for more gains, targeting the next resistance at 35.77. 

Expected trend for today: Bullish