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%
 
 
News Today