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AMD I Potential Long Setup

Welcome back! Let me know your thoughts in the comments!

** AMD Analysis**

AMD remains in an overall uptrend on the Monthly timeframe, with price recently reaching a high around 639. Following that strong bullish impulse, I’m now looking for a healthy retracement of at least 50% before considering the next potential long opportunity.

On the Weekly timeframe, I’d like to see price continue pulling back and close the gap, bringing us toward the 560 area.

On the Daily timeframe, this would place AMD back around a previous resistance level near 564, giving us the opportunity to see whether old resistance can turn into new support while maintaining the broader bullish structure.

🎯 Primary Watch Area: Around 547–560
📉 Deeper Entry Zone: Approximately 524–560
📈 Monthly Structure: Bullish
👀 Confluence: Weekly gap closure + previous Daily resistance potentially becoming support + price remaining above the 50-period moving average

If we get a deeper retracement, I’ll be watching the entire 528–560 zone for buyer reaction and confirmation. As always, reaching the zone alone isn't an entry—we want to see price confirm that buyers are stepping back in before considering the next long. 🔥

Wishing you all a wonderful and profitable week!