AMD's stock rose 4.16% in the last session after leaning on the support of 138.50, settling at 144.85, while trading alongside the main upward trend in the medium term, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 164.45, provided the support of 138.50 holds on.
Expected trend for today: Bullish