AMD at a Critical Level! Will the Downtrend Continue or Reverse?Market Structure & Key Levels
* AMD is currently trading within a downtrend channel, struggling to break through the resistance zone around $100–$102.
* A key support zone is forming around $95–$96, where buyers have been stepping in.
* The broader trend is bearish, with AMD rejecting from the upper boundary of its trend channel.
Support & Resistance
* Immediate Resistance: $100.25, $103.14, $104.00
* Immediate Support: $95.91, $94.73, $90.00 (PUT Wall)
📊 Indicator Analysis
MACD & Momentum
* MACD is slightly bullish, but the momentum is still weak, suggesting uncertainty.
* If the MACD crosses bullishly with volume, we could see a short-term relief rally toward $100+.
Stochastic RSI
* The Stoch RSI is oversold and curling upward, hinting at potential upside.
* However, without strong volume confirmation, this could be a weak bounce.
📈 GEX & Options Insights
* IVR: 52.9, suggesting moderate implied volatility.
* IVX avg: 56.5, showing that the stock is near average volatility levels.
* GEX Sentiment: Bearish
* PUT Support Wall at $95 (Highest negative NETGEX level).
* CALL Resistance at $102–$105 (Heavy gamma exposure).
* A break below $95 could trigger more downside pressure toward $90.
💡 Trade Scenarios
🟢 Bullish Play (Breakout Above $100)
* Entry: Above $100.25 with strong volume.
* Target: $103.14 → $104.00.
* Stop Loss: $97.50 (Below rejection point).
🔴 Bearish Play (Continuation to Downside)
* Entry: Below $95.50.
* Target: $94.73 → $90.00 (PUT Support Wall).
* Stop Loss: $97 (Above consolidation zone).
Final Thoughts
* Bearish Bias Unless AMD Breaks Above $100–$102.
* Watch for a rejection at resistance or a breakdown of $95 for further downside.
* Implied Volatility suggests a strong move could be coming.
🚨 This analysis is for educational purposes only. Always trade with proper risk management! 🚨
