
A strong buying opportunity for AMD stock is coming soon.
AMD stock has resumed its strong upward trend.
This comes after breaching the resistance levels at 131.
The stock is still expected to continue its upward trend in the long term.
Currently, in the short term, the stock may undergo a downward correction.
This could extend to the first demand areas near 131.49,
which is considered a strong buying area to complete the upward trend.
If the first area is broken, we are expected to see a rise
from the main demand areas located at 120.50,
which are currently the most important and strongest buying areas.
An upward trend is expected to reach the targets set at 138 and 147.
If the demand areas are broken and a full-day candle closes below them,
the stock's bullish outlook will fail, and we may see a continued decline in the medium term.