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18.09.202314:17 Analisis Forex & Kajian: AMD stock price provides bearish signal.

Exchange Rates 18.09.2023 analysis

Green line- support trend line

Red line- resistance trend line

Blue lines -Fibonacci retracements

By the end of the previous week, AMD stock price closed around $101.50 breaking below the green upward sloping support trend line. Last week price got rejected at the red downward sloping resistance trend line. Price is now challenging once again the 61.8% Fibonacci retracement. The 61.8% Fibonacci retracement level provides support at $100.20. A break below this level will strengthen the bearish signal from last week. Next downside target will be at $91.50 if support at $100 fails to hold. Bulls need to push price above $107-108 in order to reclaim control of the short-term trend. AMD stock price is vulnerable to the downside as long as price holds below the $108 level.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Alexandros Yfantis,
Analytical expert of InstaSpot
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