AMD broke above its 1D MA50. Is the trend finally changing?

Advanced Micro Devices (AMD) broke today above its 1D MA50 (blue trend-line) for the first time in almost 5 months (since October 29 2024)! From that day after it has also been below a Lower Highs trend-line, basically the Bearish Leg of the 1-year Channel Down, which it marginally broke last week but today it smashed it.

A short-term pull-back based on the 1D RSI symmetry (with the August 20 2024 and May 28 2024 Highs) is possible but on the long-term we expect a full recovery on this Bullish Leg of at least +43.13% (like the August - September Leg).

As a result, we expect a 1D MA200 (orange trend-line) test at $135.00.

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