AMD returns higher - Analysis - 18-01-2021

AMD's stock returned higher with a 3.12% surge in the last session, while trading alongside the main upward short-term trend, with positive signals from the RSI, settling thereafter at 136.88, while countered with negative pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 164.40, provided the support of 130.00 holds on.

Expected trend for today: Bullish