AMD: Expected To Drop Below Its Support Level At Around $65

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)


More By This Author:

Constellation Brands: Expected To Rise Towards Its Resistance Level At Approximately $242
USDJPY: Expected To Test Its Resistance Level At Around 145
EURUSD: Can Be Seen Approaching Its Next Resistance Level At 1.0170

Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.