19.10.2015 - Stocks of Advanced Micro Devices may continue consolidation

The price of Advanced Micro Devices is corrected down in the medium-term descending channel after failing to break through its upper boundary. If the price will fix above the level of 2.00, we recommend to open long positions with the closest targets at 2.20, 2.40 and 2.60. On the other hand, at the moment there is a substantial likelihood of continuation of fall of quotes within the downward channel to the levels of 1.80 and 1.60. We expect growth of price in the medium term, but in the near future we can see continued consolidation of quotes above 1.60.

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