AMD: A Small Correction Towards The Level Of Around $90 Is Expected
Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.
Image: AMD
Looking at the AMD’s chart, we can see that after a strong upward movement in the past few days, it is currently traded at around $99.30.
Last night it announced better-than-expected quarterly earnings but it seems the expectation was already priced in. We could expect a small correction towards the level of around $90 before starting crawling up again.
More By This Author:
Devon Energy: Expected To Move Upwards Towards Its Resistance Level At Around $64
EURGBP: Expected To Test Its Resistance Level At Around 0.84
EURUSD: Expected To Hold Its Rate Above Its Support Level
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 ...
more
Comments
