AMD receives positive support - Analysis - 07-10-2021
2021-10-07 11:34:43 GMT
(Economies.com)
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
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0178
|
-0.0040
|
0.3949%
|
|
|
|
|
1.2114
|
0.0010
|
0.0797%
|
|
|
|
|
20.114
|
-0.137
|
0.676%
|
|
|
|
|
86.781
|
-0.480
|
0.550%
|
|
|
|
|
92.34
|
-2.76
|
2.90%
|
|
|
|
|
1776.270
|
-5.415
|
0.304%
|
|
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