AMD looking at a uptrend resumption

AMD has broken out of the downtrend line since March 2024 and with the bullish morning star closing above the 9-period conversion and 26-period base line, AMD is on track to the upside. Furthermore, the stock has seen strong confirmation of a v-shaped rebound.

MACD and stochastic have confirmed the mid and long-term momentum returning. IChimoku showing strong three bullish golden cross and volume is strong.

Target is at 158.00 and 215.00 over the longer-term period.