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)

AMD


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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 ...

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