AMD Trying to Breakout AgainAMD has had several nice breakouts recently, but overall it still seems to be lagging behind other semis. This stock hasn't been the same since it rejected hard after making a new ATH earlier in the year. It really hasn't moved much, despite shorter term breakouts. It tends to end up around where it started.
Maybe this time is different, it has broken out of two shorter term downtrends and is looking to establish a new uptrend. I think it could struggle at a previous high around $175, but ultimately I think the supply zone shortly above will be where the reversal occurs. If it's able to break through supply and sustain, it should be in good shape to eventually test ATH again.