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AMD Key Resistance Levels to Monitor

Written By: ChartChamp

August 20, 2024

AMD is likely to be affected by NVDA’s upcoming earnings announcement. I am leaning bearish for NVDA earnings, and I think the stock market is likely to experience some downside in September. These are my key resistance levels to monitor for AMD, I think the price is trading above a key resistance level around $157.50. I think the market is forming a peak in August, and we are likely to experience some downside in September. I would be cautious sticking around after NVDA’s August 28 earnings date.

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