AMD is in a bullish trend with a recent buy signal, but significant overhead resistance limits potential upside.

AMD up 13% this week, if you can believe that. Now, the buy signal on AMD actually came on Thursday, September 10th. So, in the midst of this up move right here, AMD has locked in that fresh buy signal.

But, we got some overhead resistance to talk about, right? We have some actually pretty enormous uh overhead order blocks right here. Now, what do these order blocks represent?

They represent areas of trapped buyers and trapped sellers, and they are going to sell out as fast as they possibly can onto you.

I don't want that to happen to you. I want you to have blue skies ahead. I want you to be able to get into a trade and I want you to be able to move on with your life looking in the rearview mirror to say, "Oof, you know what?

I didn't need those guys in my way anyway. This is going to be great."

So, uh, the other thing I want to talk about is the fact that if we look over here at the outlier 9, it's not looking good. And so for AMD and every stock we look at here in the next few minutes, the trend of the market was down on Thursday afternoon and then all of a sudden Friday it's like what what are you even talking about?

And AMD is ripping right here. Right? We got a bullish trend. We got that buy signal in place. The fear and greed has hit a bottom and it's starting to turn around. And then it does have some outlier blocks on here, so just be aware.

It might have a couple uh percentage points. The the uh uh breakover point right there is 2%. It does have uh some overhead order blocks right here. So, just be aware. But it may have had some uh 2% room up above it, which is why it was showing green.