AMD shares reached a record $267.08 on 29 October 2025, then moved into a pullback with a three-swing zigzag pattern. From the peak, wave ((A)) fell to $194.28 and wave ((B)) rose to $266.96.<\/p>\n
Wave ((C)) then declined and ended at $185.18 on the one-hour chart. This completed wave II at a higher degree and ended the corrective phase.<\/p>\n
The pullback contained three clear swings and finished within the 100% to 161.8% Fibonacci extension zone of wave ((A)). Wave ((C)) did not reach the 161.8% level.<\/p>\n
From the $185.18 low, a new rise began, with wave 1 reaching $209.21. Wave 2 then pulled back to $192.27.<\/p>\n
A projected level is near $230, based on the 161.8% Fibonacci extension of wave 1. The $185.18 level is treated as a key pivot for the current move.<\/p>\n
Based on the price action from last year, the corrective phase for AMD appears complete. We view the low at $185.18 as a significant floor, establishing a base for a new upward impulsive wave. This suggests the stock is positioning for a sustained rally in the coming weeks.<\/p>\n
This bullish technical setup is reinforced by strong underlying fundamentals reported earlier this year. AMD\u2019s Q4 2025 earnings showed a 45% year-over-year surge in data center revenue, largely driven by demand for its new AI accelerators. This growth trajectory provides a solid backdrop for the anticipated price advance.<\/p>\n
For traders anticipating this move, buying call options with expirations in May or June 2026 presents a direct way to participate in the upside. Focusing on strikes around the $215 level could offer a favorable risk-reward profile for a move toward the initial target of $230. This strategy allows for leveraged gains if the upward momentum accelerates as expected.<\/p>\n
Further confidence comes from recent industry data released this month showing AI server shipments grew 22% in the first quarter of 2026. AMD has notably increased its market share within this expanding sector, a pattern reminiscent of the growth phase we saw back in 2023. This supports the idea that the current rally is backed by genuine business expansion.<\/p>\n
An alternative strategy is to sell out-of-the-money bull put spreads with the short strike placed below $190. This approach benefits from time decay and the stock staying above the critical support level. As long as AMD holds above the $185.18 pivot, this position would generate income while maintaining a bullish bias.<\/p>\n
Ultimately, the $185.18 level is the critical pivot for any bullish derivative play. A decisive break below this price would invalidate the immediate upward structure and force a reassessment of the trend. Therefore, we are using this low as our key line in the sand for managing risk on all new positions.<\/p>\n","protected":false},"excerpt":{"rendered":"
AMD hit $267.08, corrected in a three-swing zigzag to $185.18, then resumed higher toward $230.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-45561","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/45561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=45561"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/45561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=45561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=45561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=45561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}