AMD surged strongly from around $140 to nearly $275, and it’s now pulling back toward a key support zone around $230–$235, which was the previous breakout level. The 50-day SMA (around $199) is trending upward, providing dynamic support below.
Short-Term View (1–3 weeks):
• Holding above $230 would keep the bullish structure intact.
• Short-term target: $255–$265
• Stop-loss: below $225
Long-Term View (2–6 months):
• A confirmed rebound and breakout above $275 could extend the uptrend toward $300 or higher.
• A breakdown below $230, however, may trigger a correction toward $200–$185.
Summary:
AMD is at a decisive support level. If buyers defend the $230 zone, a new rally could form; otherwise, a deeper pullback is likely before the next leg up.
Short-Term View (1–3 weeks):
• Holding above $230 would keep the bullish structure intact.
• Short-term target: $255–$265
• Stop-loss: below $225
Long-Term View (2–6 months):
• A confirmed rebound and breakout above $275 could extend the uptrend toward $300 or higher.
• A breakdown below $230, however, may trigger a correction toward $200–$185.
Summary:
AMD is at a decisive support level. If buyers defend the $230 zone, a new rally could form; otherwise, a deeper pullback is likely before the next leg up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.