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Algo0UAE
Mar 20, 2024 1:06 AM

AMD technical analysis on 20 Mar 2024 

Advanced Micro Devices, Inc.NASDAQ

Description

Stock : AMD

Date : 20 Mar 2024

Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line )

preferred Transaction : Sell ( 181.42 $ )

Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart.

Technical Analysis success at level : 165 $

Technical Analysis fail at level : 187 $
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