AMD First touch of 1W MA50 after 8 months!

Advanced Micro Devices (AMD) hit today its 1W MA50 (blue trend-line) for the first time in almost 8 months (since October 28 2024). This is a crucial test as the las time this level broke as a Resistance following a Channel Up bottom rebound was on the week of January 30 2023.

When that happened, the Bullish Leg extended the upside to complete a +143.12% rise, before the next 1W MA50 pull-back.

As a result, if we close the week above the 1W MA50, we expect to see $185 before the end of the year.

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