AMD seeks a bottom to bolster it - Analysis - 10-09-2019

AMD's stock fell in the short term while seeking a bottom to bolster it higher, amid negative signals from the RSI after reaching oversold levels, with negative pressure from the 50-day SMA.

We expect the stock to return higher provided the support of 29.59 holds on, targeting the resistance of 31.93 anew. 

Expected trend for today: Bullish