Victoria Bazir
AMD's technical structure is entering a powerful new phase. After completing a deep corrective cycle earlier in 2025, the stock has advanced sharply from a high-probability reversal zone. The weekly Elliott Wave chart now shows AMD inside a fully confirmed bullish sequence, supported by a decisive move to new highs. This combination has captured significant trader attention, especially after the asset cleared key resistance levels and displayed strong upward momentum.
AMD Technical Setup Shows Strengthening Bullish Sequence
A recent market update emphasized that AMD "is bullish in weekly sequence from the blue box area from the April-2025 low," noting that price recovered from this region and pushed to a new high. The chart confirms AMD completed a major corrective pattern, bottoming inside the large blue box—a high-probability reversal zone. This support generated a strong reaction, lifting AMD from below $100 to well above $230.
The chart marks an invalidation level at $75.32. As long as the weekly structure stays above this point, the bullish outlook remains intact. From the blue-box reversal, AMD has begun forming a 5-swing impulse sequence with visible accelerations consistent with an expanding bullish cycle.
Key Drivers Behind AMD's Momentum
AMD's technical strength aligns with strong fundamentals. AI and data-center demand continue driving revenue growth, while new GPU and accelerator products strengthen the company's competitive position. The semiconductor sector has maintained robust momentum throughout 2025, supported by renewed capital spending and improving macroeconomic conditions.
What Traders Should Watch
The critical level to monitor is the September 2025 low near $75.32. As long as AMD holds above this invalidation point, the bullish sequence remains valid. Any pullbacks holding above this zone would likely attract buyers positioning for the next leg higher. The 5-swing impulse pattern suggests AMD could have considerable room to run if the structure completes as anticipated.
Victoria Bazir
