AMD: Chart Insights and Trading OpportunitiesAdvanced Micro Devices (AMD) remains one of the most closely watched stocks in the tech sector, with its chart signaling key levels that traders and investors should focus on. With both bullish and bearish scenarios in play, AMD’s next move could set the tone for months ahead.
Chart Breakdown
Key Support Levels:The primary support zone lies between $118 and $126. This range has historically acted as a reliable base where buyers tend to step in.
Key Resistance Levels: The first major movement is $158.15, a critical pivot point that AMD must clear for any sustained bullish move, thus that will become our entry. If this level is broken, AMD could aim for $180, with a longer-term target at $218.40.
Possible Scenarios
Bullish Case: A breakout above $158.15, backed by strong buying volume, could drive AMD toward $180 in the short term. If momentum continues, the stock could test its long-term target near $218.40.
Bearish Case:On the downside, a break below the $118 support zone might trigger a deeper correction. AMD could potentially fall to $100 or even lower, depending on market conditions.
Trading Plan
Bullish Setup:
Entry: Above $158.15 with strong volume.
Target 1: $180
Target 2: $218.40
Stop-Loss: Below $148
Bearish Setup:
Entry: Below $118, with confirmed selling pressure.
Target 1: $100
Target 2: $90
Stop-Loss: Above $125
What’s your take on AMD? Will it break out or retrace further? Share your thoughts in the comments below! 📈📉
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
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