AMD receives positive support - Analysis - 07-10-2021

Economies.com
1 year ago

AMD's stock (AMD) rose 1.8% in the last session after the pivotal support of 99.40 held on, while trading alongside the main upward short-term trend line, lending it positive momentum, with positive signals from the RSI after reaching oversold levels, countered by negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the first resistance at 108.35, provided the support of 99.40 holds on.

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Expected trend for today: Bullish

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