AMD breakout requires confirmation via secondary push beyond initial daily close to validate trend line flip from resistance to support before buying.

Next up, a very similar chart, guys. We've got AMD. Now, AMD has broken out from this near-term trend line. Now, this isn't the high pivot, which is illustrated from this second trend line that I'm highlighting right now above current price right at 52796.

So, you can see price over the last four trading days nearly straight up, gapping over this first uh declining trend line for a breakout, not even retracing, and then just running straight up and kissing the resistance level today.

Now, if we look on our is RSI here, similar story as LIT getting an approaching overbought, but not quite there yet. That does allow AMD some extra room to run if it can get above this level tomorrow.

Potentially put in uh a near-term pivot high. Retrace back down to this trend line at 5181 and then that could be the breakout retrace bounce play on AMD.

But first things first, we need to get a daily close above then a secondary push beyond that. It could happen the day after, a couple days after, but just be mindful of that. It's not necessarily a buy as soon as we get a daily close above.

What that extension does is it allows spacing so that this declining trend line can flip from resistance into support when price comes back down to it. If we just have one candle up, price can easily navigate its way right back down through that trend line. So, be mindful of that.