AMD poised to go up

After a -37.90% correction from the all-time high, price action confirms a death cross fakeout between the 55EMA and 200EMA on the 4H.
It now has a solid chance of breaking through the 163 USD resistance, which would make me bullish on every higher timeframe as well.

Comment:

Although the analysis remains valid, I wanted to specify that the 200EMA is actually a 233EMA, oops.