AMD pierces descending pattern

Source: Dukascopy Bank SA


On December 21, the stock price for Advanced Micro Devices pierced the upper trend line of the channel down pattern, which had guided the rate down from the all-time-high levels. Meanwhile, note the all-time-high level zone, which could act as resistance and the support of the 130.00/134.30 zone.

If the stock price starts a recovery, it could find resistance at the 155.00 level, which acted as resistance in early November. Higher above, the pair would test the resistance of the all-time-high levels at 162.00/164.50.

Meanwhile, a pass below the 130.00/134.30 zone might result in a decline to the August high level zone at 118.65/122.30. This zone provided both resistance and support during late October.
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Thu, 23 Dec 2021 10:41:47 GMT

EUR/CHF breaks pattern

The EUR/CHF has broken the channel down pattern, which guided it since mid-September. The rate broke the pattern by trading sideways in a set range since the end of November. Namely, the pair finds support at 1.0377/1.0390 and resistance is located at 1.0450/1.0465. If the rate breaks the resistance zone, it could stop at the 2020 low level at 1.0510

Wed, 22 Dec 2021 08:41:53 GMT

Nvidia reveals support zone

During the middle of December, the stock price of Nvidia appeared to be finding support in the 268.00/272.00 zone. The zone acted as resistance in early November. Meanwhile, note that the price recently ignored the support of the 50-day simple moving average near 281.00. A potential surge of the stock could find resistance in the November and December high levels

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