AMD stock is in an upward trend/price exploration phase; potential resistance at 640.
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Congratulations to AMD today for reaching an all- time high of 61,599. Since then, one of the most significant things I've seen is its market capitalization reaching $1 billion. This is a major achievement for AMD.
We have seen an upward price gap today. We saw a price gap at 581, then a double top at 584, and the price completely collapsed. Since then, the price has returned to that point and tested the support level, and now we continue to rise.
I expect AMD stock to be in a price exploration phase . I have an upward trend line (1, 2, 3) that goes up four times, and through this upward line, I can predict the maximum price level for AMD stock, which will be at the psychological level of 640.
So, if AMD stock continues to rise , I might encounter some resistance there.
What this channel has said about $AMD
Verified Investing has 5 calls on this stock; only the adjacent ones are shown.