AMD Wave Analysis – 28 March 2025

AMD: ⬇️ Sell

– AMD reversed from pivotal resistance level 115.00

– Likely to fall to support level 100.00

AMD recently reversed down from the pivotal resistance level 115.00 (former support from January, acting as the resistance after it was broken in February) standing near the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from January.

The downward reversal from the resistance level 115.00 created the daily Japanese candlesticks reversal pattern Evening Star.

Given the predominant downtrend, AMD can be expected to fall to the next round support level 100.00 (former support from February).

Source: https://fxpro.news