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$AMD analysis on 10/2/2021

The demand for the chip has soared during the pandemic had caused the chip manufacturer (TSM, XLNX) struggles to produce sufficient inventory that can satisfied the global chip demand. If the stock manages to break through the resistance line and find support on 94, then there will be a confirmation of uptrend.

However, if the price is unable to advance above, the price might go down and find support around 87.

Support: 86 - 87

Resistance: 94, 98

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