AMD stock confirms massive rally after breaking key trendline

Amid analysts’ bullish predictions for the stock price of Advanced Micro Devices (NASDAQ: AMD) as its traditionally successful ‘Advancing AI’ event approaches, the semiconductor behemoth has just confirmed a massive rally after breaking above the lower highs trendline.Specifically, AMD stock, which started its latest bullish leg in mid-August, is now at the 0.618 Fibonacci mark, where the past two bullish legs after the October 2023 bottom saw a technical pullback, as observed by markets analyst TradingShot ...