Advanced Micro Devices may rise to 207.40 - 214.10

Our pivot point is at 171.1.

Our preference

The upside prevails as long as 171.1 is support.

Alternative scenario

Below 171.1, expect 160.1 and 153.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 165.8195 and 162.2728).

Supports and resistances

221 **

214.1 *

207.4 **

200.6

181.61 (USD-last)

175.4

171.1 **

160.1 *

153.6 **

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