Is AMD ready for a substantial reversal higher? • Edge of trading a place for traders

The company has a history of beating earnings estimates, and expectations are high for a solid performance driven by demand for its EPYC and Instinct processors in data centers and AI applications. However, the stock recently closed at $96.39, down 0.26%, lagging the S&P 500’s slight gain.

Product Developments:

The Ryzen 9 9950X3D, a recent processor update, sold out quickly, prompting AMD to ramp up production.

Rumors about the cancellation of the Radeon RX 9060 XT 8GB GPU were debunked, with sources confirming AMD is proceeding with its launch, despite competition from Nvidia’s RTX 5060 Ti.

The RX 9070 GRE GPU, initially rumored to be delayed until late 2025, may launch sooner, as evidenced by recent photos of GRE models.

AMD reached a high of 230 and has pulled back since. We are seeing a bounce from 75, a recent uptrend line support. This could mark the end of the fourth wave long-term, but we could still see a consolidation ongoing before a meaningful reversal higher. Learn to Trade Stocks profitably.

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The AMD weekly chart is revealing a falling wedge with the most upside resistance now at 100. A break above 100 can lead to a test of the 115-120 zone, which can happen in the case of a good earnings report next week. A break above 120 will then mark a complete reversal higher with a huge upside potential, and a rejection from it can lead to a consolidation between 80 and 120.

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How can we trade this?

It is a fact that a strong upside resistance for Q2 2025 is 120, and if we get a confirmation of a reversal higher and a sustained extension above 120, we could see a strong upside continuation to 150. You can try with a long-trade entry ahead of earnings with an SL below 89. You can buy call options as well. For inquiries about account management or copy trading, please write to [email protected] or contact me on WhatsApp or Live chat.

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How can we trade this?

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