[ad_1]
AMD Technical Analysis
AMD is looking very much like a market that’s trying to rally, but the 50-day EMA has been very difficult, and of course, we are approaching the crucial $100 level. If we can break above the $100 level, then it opens up the possibility of a move to the $112 level. Short-term pullbacks, I do think, offer buying opportunities to a point. That’s only if we see the other microchip stops, it starts to rally. The $90 level should be support, but if we break down below there, then we are just simply stuck in this nasty downtrend that we have been in for some time. So, it will definitely be worth watching here.
INTC Technical Analysis
Intel continues to bounce around as we are in a range. There’s really not much to see here, with the $18 level being a significant floor and the $26 level above being a significant ceiling. We’re currently trading right around the $20 level. So, you would have to lean to the upside, I suppose, but Intel continues to struggle overall, and as a result, I think this is a very slow mover that you need to be somewhat cautious with.
For a look at all of today’s economic events, check out our economic calendar.
[ad_2]
