AMD tries to regain footing - Analysis - 15-09-2021

AMD's stock rose in the intraday levels in a journey to search for a bottom to bolster it higher while gathering momentum to regain footing, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, targeting the first resistance at 114.45. 

Expected trend for today: Bullish