AMD has broken out of the downtrend line since March 2024 and with the bullish morning star closing above the 9-period conversion and 26-period base line, AMD is on track to the upside. Furthermore, the stock has seen strong confirmation of a v-shaped rebound. MACD and stochastic have confirmed the mid and long-term momentum returning. IChimoku showing strong three bullish golden cross and volume is strong.
Target is at 158.00 and 215.00 over the longer-term period.
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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.