AMD Trendline Break – Short-Term Weakness, Long-Term AI Power PlAdvanced Micro Devices, Inc.BATS:AMDKhaleelSulimanAMD has broken below its long-standing ascending trendline, which has been respected multiple times since April. This is the first real sign of weakness after months of steady upside. The $162–165 zone, once strong support, is now acting as resistance. Unless bulls can reclaim this area quickly, AMD risks sliding lower toward $150 or even deeper levels. Technical View: •Trendline: Broken on daily chart → bearish short-term shift. •Resistance: $162–165 (former support), $186–187 (weak high). •Support Levels: $150 psychological, then $135–140 range. •Indicators: RSI softening, MACD negative, short-term MAs leaning bearish. Fundamental Backdrop: Despite this technical weakness, AMD’s long-term story remains strong. HSBC recently upgraded AMD with a $200 price target, citing its MI350 AI chips that rival Nvidia’s Blackwell GPUs. The MI400, due in 2026, could expand GPU sales to $20B by 2028. Melius Research also raised its target to $175, highlighting AMD’s AI trajectory. Fundamentally, AMD is building momentum as a serious competitor in the AI chip race. Trade Setup (Swing Idea): •Entry Zone: $162–165 rejection area. •Stop Loss: Above $188 (weak high). •Take Profit 1: $150 (psychological level). •Take Profit 2: $135–140 demand zone. •Long-Term Accumulation: Any dip below $150 could be a strategic buy for investors with a $175–200 upside target in the AI cycle. My View: Short-term, the break of trendline favors bears — I’m watching for a retest of $162–165 to confirm resistance. Medium-term, I see pullback opportunities. Long-term, AMD’s AI roadmap gives conviction that dips should be accumulated rather than feared. (Not Financial Advice) AMD