**Advanced Micro Devices (AMD) — Daily Chart Breakdown** *FridayAdvanced Micro Devices, Inc.NASDAQ:AMDEthicalxTrader**Advanced Micro Devices (AMD) — Daily Chart Breakdown** *Friday 4/10* --- ## 🔍 Key Observations • AMD is currently trading around **$245.04**, posting a strong green session and clean continuation move • Price has now **reclaimed multiple key resistance shelves in a single push** • The move through **$222 → $227 → $240** was strong and volume-supported • Bulls are now pressing directly into the **$245–248 major resistance zone** This is one of the stronger semiconductor names on the daily right now. The structure has shifted from recovery to **momentum breakout continuation**. --- ## 📈 Key Support Levels ### Immediate Support • **$240.10** → first breakout retest zone • **$237.04 – 235.90** → immediate support shelf • **$227.30 – 226.45** → key prior breakout zone • **$222.10** → major pivot support • **$218.90 – 213.39** → stronger daily demand zone The most important near-term support is now **$240**. As long as price stays above that level, bulls remain in control. --- ## 📉 Resistance Levels • **$248.46** → immediate overhead resistance • **$253.39** → next breakout target • **$259.67** → major resistance • **$267.08** → prior high / key upside target The chart is now approaching a major resistance shelf. A clean break above **$248.46** opens the door for a move toward **$253–260** quickly. --- ## 📊 EMA / Trend Structure • Price is trading well above the **50EMA on the daily** • The **200EMA remains below and rising** • Trend structure is now firmly bullish • Daily momentum has accelerated sharply This is exactly the type of continuation structure we want to see after a reclaim. --- ## 🎯 Trading Plan ### Bullish Scenario Trigger Hold above **$240** and break **$248.46** Targets • PT1: **$253.39** • PT2: **$259.67** • PT3: **$267.08** This would be a continuation breakout setup. --- ### Bearish Scenario Trigger Loss of **$240** and failed retest Targets • PT1: **$237.04** • PT2: **$227.30** • PT3: **$222.10** That would suggest the breakout needs consolidation before continuation. --- ## 📌 Summary AMD looks strong on the daily. • key support = **$240** • breakout trigger = **$248.46** • upside targets = **$253 → $260 → $267** This is one of the cleaner bullish charts right now, but it is approaching an important resistance shelf, so the reaction at **$248–249** matters a lot.