Coin_Analyst
Short

Advanced Micro Devices Inc. (AMD): Trading zone & Trouble Ahead.

NASDAQ:AMD   ADVANCED MICRO DEVICES INC
Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16.

AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD .

Meandering price action since October 30, 2018 till current date has produced a sidetrend, following price retreating after the September 25, 2018 price high of $33.60.

Support region for the current sideways price action is present between $16.16 and $14.73, while the upper boundary and lower boundary of resistance is $28.53 and $25.29 respectively.

A breakout above $28.53 implies further upside for AMD . Lack of a breakout above $28.53 and/or consolidation within the region of resistance could result in a downward swing in the price of AMD .

Strategies for selling include the following:
(1) Selling on a breakout below $21.92 is considered (less conservative).
(2) Selling on a breakout below AMD’s long term bullish trendline (conservative).
(3) Selling on a breakout below $16.16 (most conservative).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out