AMD is forming a potential ascending triangle pattern on the daily chart, signaling a possible breakout if momentum continues.
🔍 Key Levels to Watch:
✅ Support Zone: The stock needs to hold above the $108-$109 range for the bullish setup to remain intact.
✅ Breakout Level: A push above $114 could confirm upside continuation.
✅ Target Levels: If AMD breaks out, we could see a move toward $117-$120.50 in the near term.
The yellow 20-day WMA and SuperTrend resistance are key hurdles. A strong close above them would confirm a shift in momentum.
💬 What’s your outlook on AMD? Do you think it can break out, or will it face resistance? Drop your thoughts below! 👇
🔍 Key Levels to Watch:
✅ Support Zone: The stock needs to hold above the $108-$109 range for the bullish setup to remain intact.
✅ Breakout Level: A push above $114 could confirm upside continuation.
✅ Target Levels: If AMD breaks out, we could see a move toward $117-$120.50 in the near term.
The yellow 20-day WMA and SuperTrend resistance are key hurdles. A strong close above them would confirm a shift in momentum.
💬 What’s your outlook on AMD? Do you think it can break out, or will it face resistance? Drop your thoughts below! 👇
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