AMD has been on a strong run lately, with its daily chart showing a clear bullish structure. The stock is trading well above the 20-, 50-, and 200-day EMAs, signaling alignment across short-, mid-, and long-term trends — the bulls remain firmly in control.

From the August low around $135, AMD has rallied past $240 and is now testing resistance near the previous high at $242.86. A decisive breakout on strong volume could pave the way toward the $256–260 range. However, if buying momentum fails to pick up, there’s a risk of a double top or range-bound consolidation around this level.

Momentum indicators are still supportive — MACD lines continue to rise with expanding histogram bars, pointing to sustained bullish pressure. That said, RSI has entered overbought territory (~75), which could cap short-term upside. If price pushes higher without a corresponding RSI breakout, a bearish divergence could form, increasing the likelihood of a pullback.

Tactically, a clean breakout above $242 with volume could trigger the next leg higher, making momentum entries viable — with tight risk controls. If the breakout fails, pullbacks toward the 20-day EMA ($206) or 50-day EMA ($183) could offer better risk-reward entry points for dip buyers.