AMD leans on SMA support - Analysis - 21-12-2021

AMD's stock declined 1.42% in the last session, leaning thereafter on the support of the 50-day SMA and settling at 135.80, while seeking a bottom to bolster it higher anew, amid the dominance of the main upward trend in the medium term. 

Therefore we expect the stock to rise and target the first resistance at 147.75. 

Expected trend for today: Bullish