AMD Elliott Wave Analysis: 5 Wave Rally Supports Bullish Bias

Elliottwave_Forecast

Since bottoming out on April 10, 2025, Advanced Micro Devices (AMD) has embarked on a robust rally, signaling a bullish trend. Technical analysis reveals a five-swing sequence from the April 10 low, favoring continued upward momentum. The initial ascent, wave (1), peaked at $97.91, followed by a corrective pullback in wave (2) that found support at $83.75. The stock then surged in wave (3) to $122.52. A subsequent retracement in wave (4) concluded at $107.10, as depicted in the one-hour chart below. Currently, wave (5) is unfolding, structured as an impulse in a lesser degree, driving the stock higher.

From the wave (4) low, the subdivision of wave (5) began with wave ((i)) reaching $117.05, followed by a dip in wave ((ii)) to $108.62. The rally resumed in wave ((iii)), peaking at $119.40, with wave ((iv)) retracing to $114.25. The final leg, wave ((v)), concluded at $124.60, completing wave 1 of a higher degree. A corrective wave 2 unfolded as a zigzag, with wave ((a)) declining to $119.88. Wave ((b)) rebounded to $121.35, and wave ((c)) bottomed at $115.06. As long as AMD holds above $107.10, expect one more upward leg to complete wave 3. Then it should be followed by a wave 4 pullback and a final push in wave (5) to conclude the cycle from the April 10 low. This structured advance underscores AMD’s bullish outlook, with key support levels guiding its near-term trajectory.

AMD 60-Minute Elliott Wave Technical Chart

AMD Elliott Wave Technical Video

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Comments

Venus Reade
06-19
Venus Reade
Well I should say holder bc it would need to move $10 at a time to make any money lol. But I think it cheap at these levels
Mortimer Arthur
06-19
Mortimer Arthur
Atleast to $135. Reasonable point.

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Technical analysis reveals a five-swing sequence from the April 10 low, favoring continued upward momentum. The initial ascent, wave (1), peaked at $97.91, followed by a corrective pullback in wave (2) that found support at $83.75. The stock then surged in wave (3) to $122.52. A subsequent retracement in wave (4) concluded at $107.10, as depicted in the one-hour chart below. Currently, wave (5) is unfolding, structured as an impulse in a lesser degree, driving the stock higher.</p>\n<p style=\"text-align: justify;\">From the wave (4) low, the subdivision of wave (5) began with wave ((i)) reaching $117.05, followed by a dip in wave ((ii)) to $108.62. The rally resumed in wave ((iii)), peaking at $119.40, with wave ((iv)) retracing to $114.25. The final leg, wave ((v)), concluded at $124.60, completing wave 1 of a higher degree. A corrective wave 2 unfolded as a zigzag, with wave ((a)) declining to $119.88. Wave ((b)) rebounded to $121.35, and wave ((c)) bottomed at $115.06. As long as AMD holds above $107.10, expect one more upward leg to complete wave 3. Then it should be followed by a wave 4 pullback and a final push in wave (5) to conclude the cycle from the April 10 low. This structured advance underscores AMD’s bullish outlook, with key support levels guiding its near-term trajectory.</p>\n<p style=\"text-align: justify;\"><strong>AMD 60-Minute Elliott Wave Technical Chart</strong></p>\n<h2><a href=\"https://elliottwave-forecast.com/wp-content/uploads/2025/06/AMD-1H20250616202812.jpg\"></a></h2>\n<h2>AMD Elliott Wave Technical Video</h2></body></html>","htmlText":"<html><head></head><body><p>Since bottoming out on April 10, 2025, Advanced Micro Devices (AMD) has embarked on a robust rally, signaling a bullish trend. Technical analysis reveals a five-swing sequence from the April 10 low, favoring continued upward momentum. The initial ascent, wave (1), peaked at $97.91, followed by a corrective pullback in wave (2) that found support at $83.75. The stock then surged in wave (3) to $122.52. A subsequent retracement in wave (4) concluded at $107.10, as depicted in the one-hour chart below. Currently, wave (5) is unfolding, structured as an impulse in a lesser degree, driving the stock higher.</p>\n<p style=\"text-align: justify;\">From the wave (4) low, the subdivision of wave (5) began with wave ((i)) reaching $117.05, followed by a dip in wave ((ii)) to $108.62. The rally resumed in wave ((iii)), peaking at $119.40, with wave ((iv)) retracing to $114.25. The final leg, wave ((v)), concluded at $124.60, completing wave 1 of a higher degree. A corrective wave 2 unfolded as a zigzag, with wave ((a)) declining to $119.88. Wave ((b)) rebounded to $121.35, and wave ((c)) bottomed at $115.06. As long as AMD holds above $107.10, expect one more upward leg to complete wave 3. Then it should be followed by a wave 4 pullback and a final push in wave (5) to conclude the cycle from the April 10 low. This structured advance underscores AMD’s bullish outlook, with key support levels guiding its near-term trajectory.</p>\n<p style=\"text-align: justify;\"><strong>AMD 60-Minute Elliott Wave Technical Chart</strong></p>\n<h2><a href=\"https://elliottwave-forecast.com/wp-content/uploads/2025/06/AMD-1H20250616202812.jpg\"></a></h2>\n<h2>AMD Elliott Wave Technical Video</h2></body></html>","text":"Since bottoming out on April 10, 2025, Advanced Micro Devices (AMD) has embarked on a robust rally, signaling a bullish trend. Technical analysis reveals a five-swing sequence from the April 10 low, favoring continued upward momentum. The initial ascent, wave (1), peaked at $97.91, followed by a corrective pullback in wave (2) that found support at $83.75. The stock then surged in wave (3) to $122.52. A subsequent retracement in wave (4) concluded at $107.10, as depicted in the one-hour chart below. Currently, wave (5) is unfolding, structured as an impulse in a lesser degree, driving the stock higher. From the wave (4) low, the subdivision of wave (5) began with wave ((i)) reaching $117.05, followed by a dip in wave ((ii)) to $108.62. The rally resumed in wave ((iii)), peaking at $119.40, with wave ((iv)) retracing to $114.25. The final leg, wave ((v)), concluded at $124.60, completing wave 1 of a higher degree. A corrective wave 2 unfolded as a zigzag, with wave ((a)) declining to $119.88. Wave ((b)) rebounded to $121.35, and wave ((c)) bottomed at $115.06. As long as AMD holds above $107.10, expect one more upward leg to complete wave 3. Then it should be followed by a wave 4 pullback and a final push in wave (5) to conclude the cycle from the April 10 low. This structured advance underscores AMD’s bullish outlook, with key support levels guiding its near-term trajectory. AMD 60-Minute Elliott Wave Technical Chart AMD Elliott Wave Technical Video","highlighted":1,"essential":1,"paper":2,"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/447140364616032","repostId":0,"isVote":1,"tweetType":1,"viewCount":62365,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1227,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":447630646452360,"commentId":"447630646452360","gmtCreate":1750312252162,"gmtModify":1750314438571,"authorId":10000000000010992,"author":{"id":10000000000010992,"idStr":"10000000000010991","authorId":10000000000010992,"name":"Venus Reade","avatar":"https://static.tigerbbs.com/38b1d941a51e1a5f1ca29e3f8ce62213","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":447140364616032,"objectIdStr":"447140364616032","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Well I should say holder bc it would need to move $10 at a time to make any money lol.  But I think it cheap at these levels","text":"Well I should say holder bc it would need to move $10 at a time to make any money lol.  But I think it cheap at these levels","html":"Well I should say holder bc it would need to move $10 at a time to make any money lol.  But I think it cheap at these levels","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":447646554955856,"commentId":"447646554955856","gmtCreate":1750316054092,"gmtModify":1750316245792,"authorId":10000000000010994,"author":{"id":10000000000010994,"idStr":"10000000000010994","authorId":10000000000010994,"name":"Mortimer Arthur","avatar":"https://static.tigerbbs.com/b8515044e6fcc500a9ce3ca05f33533b","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":447140364616032,"objectIdStr":"447140364616032","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Atleast to $135. Reasonable point.\n<br><br>","text":"Atleast to $135. Reasonable point.\n<br><br>","html":"Atleast to $135. Reasonable point.\n<br><br>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/447140364616032"}