After Clearing a Weekly Cup with Handle, AMD is now clearing a tight flag on the daily chart.
Key points at the time of writing.
✣ New bull market cycle running since June 2025
✣ Market Direction is Up 90%
✣ Stock Fundamentals are good with multi-month growth except in December 2024
✣ Recent Open AI deal acted as catalyst to clear recent Cup with Handle base.
✣ Strong Institutional Interest with 2091 Buyers vs 1451 sellers TTM and a ownership of 71%
✣ Stock recently reset it's base count.
✣ TTM Performance is 53%
✣ Earnings due in 2 weeks !
If this tight flag is broken to the upside, it could be a buy opportunity and a confirmation to a more important upside move.
Key points at the time of writing.
✣ New bull market cycle running since June 2025
✣ Market Direction is Up 90%
✣ Stock Fundamentals are good with multi-month growth except in December 2024
✣ Recent Open AI deal acted as catalyst to clear recent Cup with Handle base.
✣ Strong Institutional Interest with 2091 Buyers vs 1451 sellers TTM and a ownership of 71%
✣ Stock recently reset it's base count.
✣ TTM Performance is 53%
✣ Earnings due in 2 weeks !
If this tight flag is broken to the upside, it could be a buy opportunity and a confirmation to a more important upside move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.