The weekly chart of AMD looks like it’s holding its breath: a well-defined falling wedge, double bottom support, and price pressing right against long-term trendline resistance. Everything’s in place — now it just needs to break and run, preferably without tripping over nearby Fibonacci levels.
The stock is trading around $114 and attempting to hold above the 50-week MA. Just ahead is the 200-week MA (~131) — not only a technical hurdle but also a psychological pivot. A move above it could reignite talk of $150+ targets.
The wedge has been narrowing since late 2024. After repeated bounces off support, price has returned to the top of the pattern. A confirmed weekly close above the wedge could trigger a real breakout. Without that — it risks yet another scripted pullback.
Key Fibonacci levels:
0.618 — $133.60
0.5 — $151.42
0.382 — $169.25
0.236 — $191.30
0.0 — $226.95 (all-time high)
The roadmap looks clean — but only if volume follows through. There are signs of quiet accumulation at the bottom, but no explosive buying just yet.
Fundamentals:
AMD delivered solid Q1 results: revenue is growing, EPS beat expectations, and margins are holding. More importantly, the company launched a new $6 billion stock buyback program — showing clear internal confidence in its long-term trajectory.
There’s also a strategic AI partnership underway with a Middle Eastern tech group. This move positions AMD to challenge not just for GPU market share, but for future AI infrastructure dominance — long game stuff.
Analyst sentiment has turned bullish again, with new price targets in the $130–150 range. All of this makes the current chart structure more than just technical noise — it’s backed by strong tailwinds.
The stock is trading around $114 and attempting to hold above the 50-week MA. Just ahead is the 200-week MA (~131) — not only a technical hurdle but also a psychological pivot. A move above it could reignite talk of $150+ targets.
The wedge has been narrowing since late 2024. After repeated bounces off support, price has returned to the top of the pattern. A confirmed weekly close above the wedge could trigger a real breakout. Without that — it risks yet another scripted pullback.
Key Fibonacci levels:
0.618 — $133.60
0.5 — $151.42
0.382 — $169.25
0.236 — $191.30
0.0 — $226.95 (all-time high)
The roadmap looks clean — but only if volume follows through. There are signs of quiet accumulation at the bottom, but no explosive buying just yet.
Fundamentals:
AMD delivered solid Q1 results: revenue is growing, EPS beat expectations, and margins are holding. More importantly, the company launched a new $6 billion stock buyback program — showing clear internal confidence in its long-term trajectory.
There’s also a strategic AI partnership underway with a Middle Eastern tech group. This move positions AMD to challenge not just for GPU market share, but for future AI infrastructure dominance — long game stuff.
Analyst sentiment has turned bullish again, with new price targets in the $130–150 range. All of this makes the current chart structure more than just technical noise — it’s backed by strong tailwinds.
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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.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
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.