AMD: $267 High to $199 Bounce – Turnaround Time?Advanced Micro Devices, Inc.BATS:AMDDEXWireNewsAMD trades at ~$198.98 (up +0.29% intraday on 1H chart), showing renewed strength after a sharp correction from the late-2025 high near $267.07. The stock rallied aggressively from mid-2025 lows (~$149–$175) to the $267 peak on AI chip demand, before rolling over into a multi-month downtrend through early 2026. Key observations: - Clear downtrend channel formed from Nov 2025–Feb 2026 with lower highs/lows. - Recent price action broke the descending trendline, forming higher lows and reclaiming $190–$200 zone with increasing volume on up days. - Momentum shifting bullish; the line holding firmly above the 50-period MA. Analytical buyer outlook: - Upside trigger: Hold $198–$200 and break $210–$215 (recent resistance) on volume — targets $225–$240 retest. - Support to defend: $190–$195 zone; break risks slide to $175–$180. - AI/semiconductor tailwinds remain supportive. Verdict: Correction appears over — bullish reversal underway. Buyers in control on dips near $198–$200. Constructive setup if $210 clears; bias positive.