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$AMD - Watching the $525 Wall
Been looking at $AMD today, and it's holding up pretty well considering the broader market. That $525 level is proving to be a pretty stubborn ceiling. We've tapped it a few times and seen a decent rejection each time. It feels like a key resistance level that needs to be cleared for any significant upward momentum.
My current scenario has it consolidating here or pulling back slightly towards the $500-505 area before another attempt. The risk for this idea, obviously, is a strong push above $525. If it gets a clean break and holds, then my entire premise for this zone as resistance is out the window, and I'd be looking for continuation. Just my two cents.
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