AMD - Ain't Moving Down! We look to Buy at 94.20 (stop at 87.55)

AMD - Ain't Moving Down! We look to Buy at 94.20 (stop at 87.55)

Technical analysis
Signal Centre

Advanced Micro Devices

Short Term

We look to Buy at 94.20 (stop at 87.55)

Broken out of the channel formation to the upside. Reverse trend line support can be seen at 95.00. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. Dip buying offers good risk/reward.

Our profit targets will be 109.19 and 119.18

Resistance: 110.00 / 125.00 / 163.00
Support: 90.00 / 85.00 / 72.00
Source: TradingView
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