AMD | Weekly Macro Structure – Eyeing Major Fib Extensions Advanced Micro Devices, Inc.BATS:AMDWavervanir_International_LLCAMD | Weekly Macro Structure – Eyeing Major Fib Extensions 🚀 AMD has broken above the 61.8% retracement ($183.23) from its previous cycle and is pushing toward the 78.6% zone ($212.25). This breakout from the mid-channel region signals strong bullish momentum with clean room toward upper Fibonacci extensions. Key Levels: Fib Retracements: 61.8% – $183.23 ✅ (broken) 78.6% – $212.25 (next resistance) Fib Extensions: 127.2% – $296.19 141.4% – $320.02 161.8% – $355.96 200% – $421.94 227.2% – $486.92 Trend Structure: Long-term ascending channel intact since 2018. Recent bounce from macro trendline near $76 set a higher low. Breakout path projects a potential test of $300+ in the mid-term if momentum holds. Macro & Catalysts: AI/data center growth remains a key revenue driver, though export restrictions to China could slow short-term upside. Positive sentiment from recent product launches and strong PC chip recovery. Watch For: Pullback retest of $183 support before continuation. Weekly close above $212 for momentum confirmation toward $250–$320. 📊 Not financial advice. Chart for educational purposes.