AMD – Breakout Watch (Daily Chart)

AMD surged +9.12% on June 16 with volume 1.8× above average, reclaiming the 200-day SMA for the first time in 7 months.

This marks a clear character change, but not yet a setup. Price stalled into multi-quarter trendline resistance around 128–130.

No pivot, no contraction — just strength into supply. Still needs to consolidate below trendline resistance for a valid trade.

Key Levels:
• Resistance: 130 / 145
• Support: 124.35 (breakout zone), 116.55 (MA stack)
• Watch for: Tight coil, volume dry-up, pivot pattern formation

Not chasing — watching for structure. Patience is a position.

📉 Weekly chart also reclaimed 30-week MA for the first time since Nov ’24.

#AMD #technicalanalysis #breakoutwatch #tradingview