AMD...What's next?

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AMD...What's next?Advanced Micro Devices, Inc.NASDAQ:AMDEagleputtThe Good (Bullish Side) Uptrend Recovery: After bottoming near $76 in April 2025, AMD has made a strong rebound, more than doubling into the $180s. That’s a powerful recovery with momentum behind it. Support Levels: $140.98 (Bull Target 1, now support) held beautifully during the climb. As long as price stays above that zone, bulls remain in control. EMA Structure: The green ribbon is showing bullish alignment, with short-term EMAs stacked above longer-term ones. Trend is intact despite the pullback. Targets: Bull target 2 is $183.56. If AMD breaks above $186.65 (recent resistance), it has room to run higher. The Bad (Bearish Side) Resistance at $186.65: Price already got rejected at that level. Until AMD closes convincingly above it, this ceiling is heavy. Lower High Risk: If AMD fails to reclaim $186 and rolls over, it risks forming a lower high — which could signal a deeper retrace. Macro Weakness: Semi stocks (including AMD) are cyclical. If broader tech/economy cools, AMD can easily retrace to the $140–150 zone. “Too Good to Be True” Filter The recent rally from ~$76 to ~$186 is a 142% move in ~4 months. Moves that vertical rarely sustain without corrections. Expect at least some chop or a larger retracement before continuation. Cost vs. Benefit Analysis Chasing now (~$168–170): High risk since you’re buying under resistance. Best case you capture a breakout, worst case you eat a $20–30 pullback. Waiting for confirmation ($186+ breakout): Lower risk entry, but you’ll miss the first 10% of the move. Buying a retrace to $150–155: Better reward/risk, but you risk missing the run if it never pulls back that far. ✅ Bottom Line: Looking good overall, but this is not a safe buy point. AMD is stuck between resistance and support. Smart money waits for either a breakout above $186 with volume or a dip closer to $150 for better risk/reward.