AMD leans on SMA support - Analysis - 04-06-2020

AMD's stock declined 1.51% in the last session, while seeking a bottom to bounce it higher anew to gather momentum, while leaning on the support of the 50-day SMA, with positive signals from the RSI, and amid the dominance of the main upward long-term trend. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 59.22, provided the support of 51.21. 

Expected trend for today: Bullish