AMD β€” Big Wedge, Big Edge?

Wait 5 sec.

AMD β€” Big Wedge, Big Edge?Advanced Micro Devices, Inc.BATS:AMDchart1stryAMD β€” late stage of a broadening rising wedge? πŸ“‰ AMD may be entering a more serious bearish phase, not just a routine pullback. The larger structure is what stands out. For years the stock has been developing a broadening rising wedge, with three clean rejections from the upper boundary. Patterns like this often appear late in extended uptrends and tend to resolve with a strong move. Another detail: the last advance (Apr 2025 β†’ Jan 2026) doesn’t look like a clean 5-wave impulse. Structurally it resembles a 3-wave move, which often points to a corrective rally rather than a new impulsive leg. 🎯 My first downside reference: $165 If downside momentum builds, a move below $150 would not be out of the question. For now, I’m watching how price reacts around the next key support zones. The structure is there β€” now the market needs to confirm it.