Saad Ullah
⬤ AMD is trading near $244 after a steep climb toward the upper edge of its long-term rising channel, where it hit some resistance. The stock sits comfortably above both its 50-day and 200-day moving averages, showing that the uptrend is still intact. The key level everyone's watching now is $270—a zone that's acted as resistance multiple times in the past. If AMD can push back above it, the bullish case gets a lot stronger, especially with AI-related buying continuing to flow into semiconductor stocks.
⬤ The setup is straightforward: reclaim $270, and AMD likely extends its rally. Fail to do so, and the stock risks pulling back toward the middle of its channel or even testing support near the 200-day moving average around $201. That would cool off the momentum and could shake confidence across the chip sector. For now, though, the structure looks solid—higher lows are holding, and the broader trend remains bullish as long as those support levels stay intact.
⬤ All eyes are on whether AMD can turn this sharp rally into a sustained breakout. A clean move above $270 would signal strong demand tied to AI infrastructure growth and keep the multi-year uptrend alive. If it stalls here, expect some consolidation within the channel while traders wait for the next catalyst. With momentum still elevated and AI tailwinds picking up, $270 is the line in the sand for AMD's next big move.
Saad Ullah
