AMD Daily Playbook
AMD remains in a powerful uptrend, trading at 512.48 — well above both the 50-SMA (404.94) and the 200-SMA (259.28), with price extended a striking 97.66% above its 200-day, signaling a mature leg rather than an early-stage breakout. Momentum, however, is cooling: RSI(14) at 57.68 has pulled back from overbought territory, and MACD at 28.47 has crossed below its signal at 33.18, a near-term deceleration warning even as the broader structure stays constructive. Initial support sits at the rising 50-SMA near 404.94, with the 200-SMA at 259.28 acting as deeper trend support; overhead, the recent highs that drove the current extension are the immediate resistance zone to reclaim. The setup is a classic pullback-in-uptrend watch — a trigger would be RSI stabilizing above ~55 alongside a MACD recross back above signal, ideally with price holding the 50-SMA on any retest. The bullish thesis weakens on a decisive close below the 50-SMA (404.94), and a sustained break of that level would shift focus toward mean reversion rather than trend continuation.