Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.
Looking at AMD’s chart, we can see that it is in a downward trend and after last night's disappointing revenue warning signal, the low is expected to stay for some time. Its last close price was around $67.85, and today we expect it to drop below its support at around $65 with a possibility of testing its 52W low at around $62.80.
(Click on image to enlarge)
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