Advanced Micro Devices may fall to 135.90 - 141.20

Our pivot point is at 168.8.

Our preference

The downside prevails as long as 168.8 is resistance.

Alternative scenario

Above 168.8, look for 178.1 and 183.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 164.08 and 159.814).

Supports and resistances

183.6 **

178.1 *

168.8 **

165.1

159.63 (USD-last)

146.7

141.2 **

135.9 *

130.3 **

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