Technical analysis on AMD stock price for September 1st, 2023.
September 1, 2023 5:22 pm
Red line – resistance
Green line- support trend line
Blue lines – Fibonacci retracement levels
AMD stock price is trading around $108.70 after respecting the green upward sloping support trend line. AMD bulls continue to respect the green support trend line. Price has held above the green trend line and the 61.8% Fibonacci retracement level. As long as price holds above the green support trend line and the 61.8% Fibonacci retracement, expectations remain bullish. For bears to reclaim control of the trend we need to see price break below support of $101-$102.
The material has been provided by InstaForex Company – www.instaforex.com
Red line – resistance
Green line- support trend line
Blue lines – Fibonacci retracement levels
AMD stock price is trading around $108.70 after respecting the green upward sloping support trend line. AMD bulls continue to respect the green support trend line. Price has held above the green trend line and the 61.8% Fibonacci retracement level. As long as price holds above the green support trend line and the 61.8% Fibonacci retracement, expectations remain bullish. For bears to reclaim control of the trend we need to see price break below support of $101-$102.
The material has been provided by InstaForex Company – www.instaforex.com
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