Advanced Micro Devices may rise to 190.60 - 200.10

Our pivot point stands at 142.5.

Our preference

Our next up target stands at 190.6.

Alternative scenario

Below 142.5, expect 127.3 and 118.2.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 140.058 and 154.6224). Finally, Advanced Micro Devices is trading above its upper Bollinger band (standing at 155.27).

Supports and resistances

209.7 **

200.1 *

190.6 **

181

156.4 (USD-last)

148.5

142.5 **

127.3 *

118.2 **

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