Artem Voloskovets
⬤ Advanced Micro Devices keeps pushing higher following a textbook Elliott Wave setup. The stock has gained more than 100% since finding support between $112 and $120, and recent charts show the bullish momentum isn't done yet. The 30-minute timeframe reveals clean impulsive moves that keep the overall uptrend structure solid.
⬤ After hitting bottom in the $112-$120 range, AMD moved through a clear five-wave advance, completing waves (i) through (v) before pulling back into wave (ii). The correction found support near $155.28 without breaking the critical $149.64 invalidation level, which confirmed the bullish outlook and signaled more gains ahead.
⬤ AMD then resumed climbing through additional impulsive waves, with price action pushing toward $160. This aligns with Fibonacci projections, including the 1.618 extension around $151.13. The stock continues following the Elliott Wave pattern with higher highs and higher lows throughout the bullish sequence.
⬤ As a major semiconductor player, AMD's technical strength matters for broader market sentiment. The stock remains above key support levels while progressing through successive bullish stages, making it a standout name in the current wave cycle.
Artem Voloskovets
