AMD Signals Major Top After Decade-Long Advance

TRIGGER TRADES
06:50

$Advanced Micro Devices(AMD)$ is topping out a decade-long advance that is shaping up to be a massive leading diagonal, defined by a rigid 3-3-3-3-3 subdivision.

Wave 5 failed to touch the channel top—a bearish truncation—while RSI printed a triple divergence. The momentum required to sustain these levels has evaporated.

From here, the probability path favors a break below the 2016–2025 trendline, opening the door for a structural reset toward the 2/4 trendline and Monthly FVG in the 130–100 zone.

Invalidation is 319. Until we get that reset, the chart needs to breathe before the next major leg up.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
45