12.09.2016 - ​The fall of Advanced Micro Devices is likely to continue after a minor correction

Price of Advanced Micro Devices showed a sharp decline lately and as a result has reached at the support level 6.00. It is worth mentioning that breaking through of the rising channel's lower border is a signal for the continuation of negative dynamics of price with the targets 4.65 and 4.00. In case of rebound, quotations will return to the channel's lower border. Our medium-term outlook is negative and we are forecasting a drop in the near future.

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