Technical Analysis on Advanced Micro Devices (AMD)

Tuesday, March 28th, 2023

In this video, we examine Advanced Micro Devices (AMD) presently approaching long-term resistance able to absorb buying pressures. After testing this key resistance level, (AMD) can fall back to long-term support within 2-3 months. A settlement below the recent low of the high would accelerate this downward process. Inversely, a weekly settlement above long-term resistance would set off a buy signal where $AMD could see significant gains by the end of the year.

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