$AMD

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The structure has shifted from a clear downtrend to a bullish reversal, as evidenced by price breaking above the 1-hour moving averages and reclaiming the 500 psychological level.

Price action shows a strong impulsive move up from the 402.10 low, with recent 1-hour candles consolidating near the 515 level after testing a high near 539.25, while the MACD shows bullish momentum but hints at potential slowing as it flattens near the 45.00 level.

My plan is to wait for a pullback to the MA10/MA20 cluster (around 510-514) to enter long, targeting the recent high of 539.25 with a stop below the MA60 (485.90) to manage risk.

I predict AMD will hold the current support zone and push higher toward 550 if the broader tech market remains stable.

What trade plan I follow and why: I am following a trend-following pullback strategy because buying after a strong breakout can be risky; entering on a retracement provides a better risk-to-reward ratio against the nearby moving averages.

When I start my trade: I will initiate the trade when a 15-minute or 1-hour candle closes firmly above the MA10 (512.49) without breaking the MA20, confirming support.

The recent price action shows a "bullish engulfing" or "strong continuation" pattern at the bottom, followed by a "doji" or "spinning top" near the 515 level, indicating indecision that likely resolves upward due to the overall momentum.

Bullish bias short-term, provided price holds above the 510-514 support zone.