Retesting the Breakout — AMD at a Critical Decision Point

AMD surged strongly from around $140 to nearly $275, and it’s now pulling back toward a key support zone around $230–$235, which was the previous breakout level. The 50-day SMA (around $199) is trending upward, providing dynamic support below.

Short-Term View (1–3 weeks):
• Holding above $230 would keep the bullish structure intact.
• Short-term target: $255–$265
• Stop-loss: below $225

Long-Term View (2–6 months):
• A confirmed rebound and breakout above $275 could extend the uptrend toward $300 or higher.
• A breakdown below $230, however, may trigger a correction toward $200–$185.

Summary:
AMD is at a decisive support level. If buyers defend the $230 zone, a new rally could form; otherwise, a deeper pullback is likely before the next leg up.