AMD stalls - Analysis - 20-10-2021

AMD's stock declined 0.09% in the last session on profit-taking, while gathering momentum to help it recover anew, as it vents off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 122.35, provided it holds above 114.44.

Expected trend for today: Bullish