AMD | Weekly Macro Structure – Eyeing Major Fib Extensions

AMD | Weekly Macro Structure – Eyeing Major Fib Extensions 🚀

AMD has broken above the 61.8% retracement ($183.23) from its previous cycle and is pushing toward the 78.6% zone ($212.25). This breakout from the mid-channel region signals strong bullish momentum with clean room toward upper Fibonacci extensions.

Key Levels:

Fib Retracements:

61.8% – $183.23 ✅ (broken)

78.6% – $212.25 (next resistance)

Fib Extensions:

127.2% – $296.19

141.4% – $320.02

161.8% – $355.96

200% – $421.94

227.2% – $486.92

Trend Structure:

Long-term ascending channel intact since 2018.

Recent bounce from macro trendline near $76 set a higher low.

Breakout path projects a potential test of $300+ in the mid-term if momentum holds.

Macro & Catalysts:

AI/data center growth remains a key revenue driver, though export restrictions to China could slow short-term upside.

Positive sentiment from recent product launches and strong PC chip recovery.

Watch For:

Pullback retest of $183 support before continuation.

Weekly close above $212 for momentum confirmation toward $250–$320.

📊 Not financial advice. Chart for educational purposes.