AMD entered the 96 to 115 box like a rocket, and it is now showing a lot of strength after being dormant for a while.
The conditions are now there for a gradual run-up towards the 172 level. If it comes back below the 96 mark, I would argue that the movement has aborted.
The conditions are now there for a gradual run-up towards the 172 level. If it comes back below the 96 mark, I would argue that the movement has aborted.
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Post-Move Analysis: AMD’s Breakout — A False Start?1. Entry Into the Range: Clean, Sharp, and Convincing
AMD did break into the $96–115 consolidation box with strong momentum. Volume picked up slightly on the push — matching our criteria for strength. This validated the idea that bulls were back in control and eyes could turn to $130+, then eventually $172.
2. But Breakout Stalled at Resistance
The $115 resistance level acted like a brick wall — price tapped it and failed to hold above. This zone had previously been multiple swing highs and a breakdown level, so it's no surprise supply hit hard here. Instead of continuing higher, AMD rolled over back into the middle of the box — a warning sign that buyers lost momentum.
3. Volume & Momentum Divergence
Volume dried up after the initial breakout — no continuation signal. Likely a fakeout or bull trap unless buyers step back in quickly. Price remains above $96, which means our “aborted” scenario hasn’t fully triggered — but we are clearly at risk.
Updated Interpretation
AMD popped back into the range with force but failed to sustain upward momentum. It’s currently in limbo — not a full failure, but no confirmation of a breakout continuation either.
What Now? Two Scenarios Ahead
Bullish Continuation Still Possible If:
AMD holds $105–108 and reclaims $115 with volume. That confirms this was just a shakeout, and the path toward $130–145 reopens.
Bearish Breakdown If:
AMD fails to hold $105, then breaks under $96 — our “abort” line. That confirms the box breakout failed, and $80 becomes the next magnet.
Note
It's trying again.Note
AMD Technical Update — June 17, 20251. The Range Break Was Real — This Time With Follow-Through
AMD entered and cleared the $96–$115 box like a rocket — confirming strong buying interest. This time, unlike the false breakout in May, price has held and pushed cleanly above $115, clearing multiple supply levels. Current price: $126.40, well above the previous range resistance. This is a structural breakout with more conviction than the prior attempt. Buyers are no longer hesitating at $115.
2. Volume Confirms Conviction
Volume picked up on the breakout above $115, showing accumulation, not distribution. Strong green candles on above-average volume suggest institutional support behind the move. This addresses the key weakness in the previous false start: volume follow-through.
3. Momentum Indicators Turning Up Again
MACD: Bullish cross, histogram turning green again — momentum is returning after consolidation.
RSI: Sitting around 66, just below overbought. No bearish divergence yet — still in healthy territory for a trending move.
Translation: Momentum is constructive and not overheated yet.
4. Next Key Levels (Upside Path)
Now that AMD has broken out, we can project targets using measured move analysis and prior highs:
Near-Term Target:
$130–135: This is the minor supply zone from late February.
Mid-Term Target:
$145: Psychological + technical level from January. This is likely the next major challenge.
Long-Term Target:
$172: Previous ATH. This becomes viable if AMD stays above $115 and builds a base above $130.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.