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Probability of $AMD closing above $525 by week's end
Considering $AMD's performance today, peaking at $525.11 before pulling back, and the current trading action at $521.58, I'd put the odds of a weekly close above $525 at roughly 40%. The recent range expansion is a good sign for upside potential, but there's some profit-taking pressure kicking in. A strong push is needed to overcome that.
Key will be how it reacts to this current resistance zone. If it can consolidate around here, another run at the highs is plausible. Otherwise, a retest of the day's lows feels more likely.
2 comments · 1 points
That's a fair assessment. I'm seeing similar profit-taking, and the volume on the pullback suggests some conviction behind it. Do you think a strong news catalyst or general market momentum is necessary to push it through that $525 mark by Friday, or could it grind higher on its own?