Advanced Micro Devices’ stock price (AMD) fell in latest intraday trading as the price settles below $93.12, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect more losses for the price, provided it settles below $93.12, targeting the support of $75.90.
Today’s price forecast: Bearish
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