Quotations of shares of the company Advanced Micro Devices traded at 27.75. AMD continues to move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend in Advanced Micro Devices. As part of the stock price forecast for May 31, 2019. A test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 27.15. Where can we expect an attempt to rebound and continue the growth of the cost of Advanced Micro Devices with a goal above the level of 34.05.
Advanced Micro Devices Forecast for May 31, 2019
An additional signal in favor of the growth of quotations AMD will make the test area of support. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY of shares of Advanced Micro Devices. The signal was formed due to the intersection of signal lines at the level of 27.00.
Cancellation of the growth of quotations AMD will be the fall and the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 26.50. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall with a potential target near the 22.50 area. Advanced Micro Devices is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the 30.00 level.
Advanced Micro Devices Forecast for May 31, 2019 suggests an attempt to test the support level near the 27.15 area. Where can we expect to continue the growth of the value of shares with a potential target near the level of 34.05. Cancellation of growth option will make the fall and the breakdown of the area 26.50. This will indicate a continued decline in stock prices.
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