empty
28.08.2023 05:06 PM
Technical analysis on AMD stock price for August 28th, 2023.

This image is no longer relevant

Green line- support trend line

Blue lines- Fibonacci retracement levels

Red lines- triangle pattern

AMD stock price is trading around $102. Short-term trend is bearish. Price has broken the triangle pattern to the downside. Price is making lower lows and lower highs in the near term. Price has reached the 61.8% Fibonacci retracement of the last major upward move. Price is also challenging the green upward sloping support trend line. Around $102 we find important short-term support. Breaking below $102 and staying below this level will lead price towards at least $92-$91 where we find the 78.6% Fibonacci retracement. Previous support at $107 is now resistance. Bulls need first to recapture this level in order to hope for a bigger move higher.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Stock market on August 14: S&P 500 and Nasdaq hit new all-time highs

At the end of yesterday's session, US stock indices closed higher. The S&P 500 gained 0.32%, while the Nasdaq 100 rose by 0.14%. The Dow Jones Industrial Average added 1.04%

Jakub Novak 08:54 2025-08-14 UTC+2

Stock market on August 13: S&P 500 and Nasdaq rally on inflation data

By the end of yesterday's session, US stock indices closed higher. The S&P 500 rose by 1.13%, while the Nasdaq 100 jumped by 1.39%. The industrial Dow Jones gained 1.10%

Jakub Novak 09:26 2025-08-13 UTC+2

Stock market on August 12: S&P 500 and Nasdaq edge lower

US stock indices ended yesterday's session with losses. The S&P 500 fell by 0.25%, while the Nasdaq 100 slipped by 0.30%. The industrial Dow Jones dropped by 0.45%. However

Jakub Novak 09:29 2025-08-12 UTC+2

Stock market on August 11: S&P 500 and NASDAQ return to growth

Last Friday, US stock indices closed higher. The S&P 500 gained 0.78%, while the Nasdaq 100 added 0.97%. The industrial Dow Jones rose by 0.47%. Today, US and European stock

Jakub Novak 08:12 2025-08-11 UTC+2

Stock market on August 8: S&P 500 and Nasdaq see minor correction

As of yesterday's close, US stock indices finished mixed. The S&P 500 fell by 0.08%, while the Nasdaq 100 gained 0.35%. The Dow Jones Industrial Average declined by 0.51%. European

Jakub Novak 10:15 2025-08-08 UTC+2

US market on track for all-time highs. Focus on trade wars

US stock markets continue to climb. The euphoria of recent days is driven by several factors at once: strong corporate earnings, impressive news from Apple, and increasingly realistic expectations

Anna Zotova 15:10 2025-08-07 UTC+2

Stock market on August 7: SP500 and NASDAQ resume their rally

At the end of the previous trading day, US stock indices closed in the green. The S&P 500 rose by 0.73%, while the Nasdaq 100 gained 1.21%. The Dow Jones

Jakub Novak 09:03 2025-08-07 UTC+2

Stock market on August 6: S&P 500 and NASDAQ remain volatile

By the end of yesterday's session, US stock indices closed lower. The S&P 500 dropped by 0.49%, while the Nasdaq 100 lost 0.45%. The industrial Dow Jones slipped by 0.14%

Jakub Novak 09:36 2025-08-06 UTC+2

Stock Market on August 5: S&P 500 and NASDAQ recover some ground

At the close of trading on August 5, US stock indices regained part of Friday's losses. The S&P 500 rose by 1.47%, while the Nasdaq 100 added 1.95%

Jakub Novak 13:07 2025-08-05 UTC+2

US markets: key drivers, looming risks, and fresh incentive for Musk

US indices are once again charging toward record highs. After a tense week, when the market stumbled over trade wars and a weak labor market, the momentum is shifting back

Anna Zotova 13:07 2025-08-05 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.