Advanced Micro Devices may rise to 200.40 - 207.40

Our pivot point stands at 164.

Our preference

The upside prevails as long as 164 is support.

Alternative scenario

The downside breakout of 164 would call for 152.4 and 145.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 161.9595 and 160.3754). Finally, Advanced Micro Devices is trading above its upper Bollinger band (standing at 172.86).

Supports and resistances

214.6 **

207.4 *

200.4 **

193.3

178.69 (USD-last)

168.7

164 **

152.4 *

145.7 **

Number of asterisks represents the strength of support and resistance levels.