Short term view - ADVANCED MICRO DEVICES : Prices are breaking above the moving average, it is a sign of strength.
The previous high has been passed, the bullish trend is confirmed. The next target is at $18.77. The invalidation level is below $14.40.Arguments :
- The resistance has been passed.
- Prices are breaking above the moving average, it is a sign of strength.
- The measuring gap, opened in the middle of the rally, reinforces the bullish trend.
Advanced Micro Devices is a semiconductor company. The company primarily provides x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit, chipsets, graphics processing units (GPUs), data center and personnel GPUs, and development services; server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company also licenses portions of its intellectual property portfolio. The company's segments are: Computing and Graphics, which consists of desktop, notebooks, commercial, and chipsets products; and Enterprise, Embedded and Semi-Custom, which includes server processors, and embedded P\processors products.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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