Peter Smith
AMD is capturing attention again. The buzz around artificial intelligence and expanding data centers keeps pulling investors in, and the chart's telling a bullish story. The real question now: can AMD push through resistance heading into mid-October, or will it hit a ceiling?
Key Technical Levels
A recent analysis from Time Traveler Carlssin Trades labeled AMD "very bullish still to 10/10," and the technicals seem to back that up.
Resistance zones:
- Immediate resistance sits near $125, where the stock has struggled before
- A clean break above $125 opens the door to $135–$140, aligning with longer-term resistance
- Short-term support holds around $110, a level that's bounced price multiple times
- Deeper support rests near $100, a psychological floor if momentum fades
Chart Setup
AMD's uptrend is unmistakable, marked by rising lows and steady buying pressure. The stock is comfortably above the $105–$110 support zone, showing buyers are still engaged. Trading volume has been climbing on up-moves, which confirms institutional players are participating. Momentum indicators are leaning positive too, suggesting AMD might test that $125 resistance as October 10 approaches.
The story behind the price action is just as compelling as the chart itself. Demand for GPUs and AI accelerators keeps AMD in the conversation alongside NVIDIA. The company's aggressive push into server chips is strengthening its competitive edge in data centers. Investors are also positioning ahead of what they expect will be solid revenue growth from fresh product launches. And the broader semiconductor sector continues riding positive flows from the tech rally.
October 10 is shaping up as an important marker. If AMD clears $125, momentum could carry it into that $135–$140 range fairly quickly. But if support at $110 cracks, we might see some short-term profit-taking before that date arrives. The broader trend still looks intact either way.
Peter Smith
