18 May 2025
AMD – Watching for Bullish Confirmation
We’re closely monitoring AMD as it approaches the 200-day moving average on the weekly chart. A break above this level would signal a confirmed shift back to a bullish trend.
Previously, when AMD dropped below $100, it took six weeks to reclaim that level—a strong bullish signal. That false breakdown offered a great entry opportunity for those who accumulated below $100.
If you missed that move, consider watching for a slight pullback in the coming trading days to potentially enter. As long as AMD holds above the recent low around $80, our bias remains firmly to the upside.
Strategy: Wait for confirmation above the weekly 200MA or accumulate on pullbacks while $80 holds as support.
AMD – Watching for Bullish Confirmation
We’re closely monitoring AMD as it approaches the 200-day moving average on the weekly chart. A break above this level would signal a confirmed shift back to a bullish trend.
Previously, when AMD dropped below $100, it took six weeks to reclaim that level—a strong bullish signal. That false breakdown offered a great entry opportunity for those who accumulated below $100.
If you missed that move, consider watching for a slight pullback in the coming trading days to potentially enter. As long as AMD holds above the recent low around $80, our bias remains firmly to the upside.
Strategy: Wait for confirmation above the weekly 200MA or accumulate on pullbacks while $80 holds as support.
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.
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.