AMD Near Key Resistance! Trade Setups for

Technical Analysis (TA) Overview

AMD is currently trading near 114-115, moving within an ascending channel. The stock is facing resistance at 115.55, which aligns with a gamma resistance zone. If buyers push it past this level, AMD could test 116-120, but failure to hold support could lead to a move back toward 110 or lower.

📌 Key Support & Resistance Levels:
* Resistance: 115.55 (key resistance), 116.11 (previous high), 120 (call wall)
* Support: 113.06, 110.37, 108-105 (strong put support)

📌 Indicators:
* MACD: Bearish crossover—momentum is weakening.
* Stoch RSI: Near oversold (31.96), meaning downside may be limited.
* Volume Profile: Heavy trading volume around 114-115, meaning price could consolidate before its next move.

Gamma Exposure (GEX) & Options Sentiment

🔹 Call Walls (Resistance):
* 115.55-116.11: Short-term resistance; needs momentum to break.
* 120: Highest call resistance—bulls must sustain a breakout.

🔹 Put Walls (Support):
* 110: Strong put support; if broken, could trigger downside to 108-105.
* 105: Critical support—bears need volume to push below.

🔹 Options Sentiment:
* IVR: 9 (low implied volatility—potential for a breakout).
* Call Open Interest: 28.6% – Bullish positioning is growing.

Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If AMD breaks above 115.55, expect a push toward 116-120.
* Ideal entry: Above 115.55, stop-loss below 114.
* Profit targets: 116, 118, 120 (extension).

❌ Bearish Setup:
* If AMD fails at 115 and breaks below 113, expect a move toward 110-108.
* Ideal entry: Below 113, stop-loss above 115.
* Profit targets: 110, 108, 105.

Probability Estimate for AMD’s Next Move: Bullish Move Above 115.55 (Targets 116-120)
Scenario Probability (%): 50%
Reasoning: AMD is in an ascending channel, meaning bulls are still in control.
• Needs strong volume to break through 115.55-116 levels. | | Choppy/Sideways (Range 113-115.55) | 35% | - Volume profile suggests heavy trading activity around 114-115, meaning price may consolidate.

* MACD suggests weak momentum, signaling possible chop before a breakout. | | Bearish Breakdown Below 113 (Targets 110-105) | 15% | - Bearish MACD crossover signals weakening momentum.

* If 113 fails, expect downside toward 110-105. |

Final Thoughts
* AMD needs to break 115.55 to continue higher toward 116-120.
* If 113 fails, selling pressure could increase, pushing price to 110-105.
* IVR is low, meaning options are cheap, but also suggests low volatility.

🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 115.55 → target 116-120.
* Bearish Play: Watch for rejection at 115.55 or a break below 113 → target 110-105.

🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.