AMD is in price discovery mode following a breakout to new all-time highs; next resistance is at $620-$625.

I know one stock did. AMD pressed higher and made brand new all-time highs.

Speaking of all-time highs, this stock right here, AMD, guys, brand new all-time highs. Now, this also was a breakout a watch scenario where we had price action close above a near-term declining trend line on September 17th.

Look at the momentum. This illustrates what's going on in the markets right now. We should be seeing a rollover today with price coming down to attack this declining trend line.

We didn't get that. Instead, we accelerated. We gapped up and continued pushing higher. Notice where we gapped up right to the all-time highs. And it just said, "Forget about it.

We're going higher, guys. Look at where the resistance though is on this next inclining trend line. $620. I'll rewind the time back out to show you guys. We are literally in price discovery mode on the chart of AMD.

This one pivot high, this single pivot high is one of the last levels of technical analysis I can draw, at least for long-term trend lines that's going to give me some sort of destination for price uh hitting resistance.

And you can see that's not that far. As I said, this week it's basically $620. Next week looking around $625. So whether or not AMD gaps up over that, we'll find out tomorrow. But if it does, I don't have any other levels near-term of resistance unless I start getting into some nuance hourly parallels on uh this chart.

However, I can do that. But right now with the long terms, guys, you got to tip your cap to AMD. This is one of the biggest monumental pushes for all-time high accelerations that I've seen in quite a while.

U generally these are stopped with a lot of investors hitting that sell button and that just did not occur today.