AMD quotes continue to move as part of the rise and the downward channel. The moving averages point to a short-term bearish trend for AMD. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of securities and a potential continuation of the fall in the value of shares. At the time of publication of the forecast, the value of the shares is 116.79. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 122.55. Further, a rebound down and the continuation of the fall in the value of securities. The potential target of such a movement is the area below the level of 95.05.
AMD Stock Forecast for February 2022
An additional signal in favor of falling AMD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the resistance area. Cancellation of the option to reduce the value of AMD shares will be a strong growth and a breakdown of the level of 135.05. This will indicate a breakdown of the resistance area and continued growth of shares in the area at the level of 160.05. It is worth expecting an acceleration in the fall of shares with a breakdown of the support area and closing below the level of 95.05, which will indicate a breakdown of the lower limit of the bullish channel.
AMD Stock Forecast for February 2022 suggests the development of a correction and a test of the resistance area near the level of 122.55. Where should we expect a rebound and an attempt to continue the fall of the pair to the area below the level of 95.05. A test of the trend line on the relative strength index (RSI) will come out in favor of the currency pair’s decline. Cancellation of the fall option for AMD will be a strong growth and a breakdown of the level of 135.05. This will indicate a breakdown of resistance and a continuation of the price rise to the area above the level of 160.05.
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