Let’s continue the outlook on Advanced Micro Devices.
In the previous idea, we identified Wave C:
The advance from early April 2025 can be broken down into a five-wave structure.
Since October 2025, AMD has been in a corrective phase.
At this point, it appears the correction is likely to go deeper.
It’s difficult to define precise levels, as AMD’s price action includes many gaps - both during advances and declines.
The entire structure in AMD can be interpreted as a diagonal.
For now, the focus is on the final leg of the prior advance, which appears to be a terminal move. A key characteristic of AMD is that its uptrends rarely end with shallow pullbacks - corrections are typically deep, often exceeding 60%.
In this case as well, price is likely to move back toward the start of the last bullish wave.
Before that, a smaller wave C may still develop, potentially pushing price toward the 220 area, after which a broader decline is expected.
Preliminary targets:
Potential move from current levels: ~31-47%.
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In the previous idea, we identified Wave C:
The advance from early April 2025 can be broken down into a five-wave structure.
Since October 2025, AMD has been in a corrective phase.
At this point, it appears the correction is likely to go deeper.
It’s difficult to define precise levels, as AMD’s price action includes many gaps - both during advances and declines.
The entire structure in AMD can be interpreted as a diagonal.
For now, the focus is on the final leg of the prior advance, which appears to be a terminal move. A key characteristic of AMD is that its uptrends rarely end with shallow pullbacks - corrections are typically deep, often exceeding 60%.
In this case as well, price is likely to move back toward the start of the last bullish wave.
Before that, a smaller wave C may still develop, potentially pushing price toward the 220 area, after which a broader decline is expected.
Preliminary targets:
- 133-101 range
- or lower
Potential move from current levels: ~31-47%.
---
Subscribe and leave a comment.
You’ll get new ideas faster than anyone else.
---
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.