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Chip Stocks Forecast – AMD, Nvidia, and Intel Face Key Technical Levels
['Christopher Lewis', 'Tue', 'August At Pm Gmt', 'Min Read']
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AMD Technical AnalysisAMD trades at $469.56 below the 50-day EMA, testing the $450 support level with the 200-day EMA well below.
Source: TradingViewAMD looks like it's going to be slightly positive in pre-market trading on Tuesday as we are approaching that $450 support level.
NVIDIA Technical AnalysisNVIDIA trades at $217.55 above both EMAs, holding above the $200 level with $220 as near-term resistance.
So, between now and then, it'll be interesting to see if there is a little bit of profit-taking.
Nothing of major concern based on this little bit of a drift.