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

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.

Expected trend for today: Bullish