Advanced Micro Devices may rise to 191.10 - 198.40

156.6 is our pivot point.

Our preference

The upside prevails as long as 156.6 is support.

Alternative scenario

Below 156.6, expect 144.6 and 137.5.

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 163.023 and 161.6149).

Supports and resistances

205.7 **

198.4 *

191.1 **

183.9

167.87 (USD-last)

161.2

156.6 **

144.6 *

137.5 **

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