Saad Ullah
⬤ Advanced Micro Devices is sitting right at a crucial technical spot after pulling back to its rising trendline support. The stock's hit a key area that could dictate where it heads next in the short term.
⬤ The chart shows AMD rallying hard before retracing into a gap fill zone. A long lower wick already took care of part of the imbalance, but the gap's not completely filled yet. Price is now hanging around the trendline—a spot where buyers have stepped in before.
⬤ If this level holds up, AMD should stabilize above support and keep the bigger picture intact. If it breaks down, we could see the market push lower to finish filling that gap. Right now, it looks more dependent on overall market mood than any confirmed move either way. Traders are eyeing sell ratio or credit spread plays around this level.
⬤ What happens here matters because trendline support usually marks the line between continuation and correction. Whether AMD defends or loses this zone will shape its near-term momentum and structure across the current trading range.
Saad Ullah
