Advanced Micro Devices has broken out decisively on the weekly chart, pushing into new highs after clearing a multi-month consolidation range. Price has now moved well above prior resistance, confirming strong bullish momentum, with MACD accelerating higher and expanding, signaling increasing trend strength.

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The stock is extended in the short term, so while the overall trend remains firmly bullish, traders should be cautious chasing at these levels and instead watch for either a controlled pullback into the $320–$300 area or a high-tight consolidation that allows momentum to reset. As long as AMD holds above the prior breakout zone, dips are likely to be bought, keeping the longer-term uptrend intact.

Wishing you the best,

Wendy