AMD at support

  • AMD bounced on the 50d MA and is now on the support level of 8.2
  • Check in the coming days whether it holds or moves down to the 200d MA
  • I find the chart difficult to read because of the closeness of the 50d and 200d M, the recent “golden cross”, the 8.2 resistance broken twice, but not convincing.

When looking at the chart with the 10d and 20d MA, I see a move up more likely to happen, as the 10d MA is about to cross the 20d MA to the upside.

 

 

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