AMD Pushing Up Against Resistance

Good Wednesday Morning, MPtraders!  November 12, 2025-- Pre-Market Update: Health update: I am definitely improving enough to be here before the open. The Tamaflu drug appears to be working! I plan to be in front of my screens all day, but the flu is a rollercoaster, so I might have to lay down later today to recharge. Thanks for all of your well wishes... 

AMD CEO on CNBC this AM amid an impressive 6+% pop in the stock. This is what we discussed yesterday morning: 

Technically, my big picture Daily chart setup indicates that the April-November Upleg from 76.48 to 267.08 (+249%) has unfinished business on the upside that points to new ATH territory above 300... Only a disappointing outcome that presses AMD below last Friday's corrective low at 224.64 will argue that AMD needs a deeper correction off of the October high before taking off into a new upleg... Last 239.70/80...

Fast-forward to this AM, we find AMD trading at 253.70 after Lisa Sue's 24-hour marketing campaign. My attached 4-Hour chart shows the price structure pushing up against the resistance line from the ATH at 267.08 (10/29/25) that cuts across the price axis in the vicinity of 254.00, which if (when) taken out, will open a higher price path to revist the ATH-Zone from 262 to 267, en route to 296-300... 

Weakness into the 245-248 area (if AMD gets there) represents a BTD opportunity... Only a sharp sustained decline that breaks 233 wrecks the strengthening technical setup... Last is 252.41... Last in AMDL (2 x levered AMD ETF) is 22.69...