AMD

Advanced Micro Devices (AMD) formed an EMA10-EMA20 golden cross, which suggest a potential rally. The only thing stands in a way is the $120 resistance. Hence a daily close above this level could extend this rally towards the $132 level or $139.83 level. Both levels were Fibonacci Retracement’s 50% and 61.8% readings derived from $164.46 high and $100 low. In contrasts, a daily close below $100 level could expose AMD towards the $91.6 support or even the $84.88 support.