Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of  AMD Stock  published in members area of the website.  As our followers know, the stock is showing incomplete sequences in the cycle from the 227.29 peak. Recently, we forecasted the end of the short-term bounce (Wave 4 red) and called for a further decline in the stock. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

AMD Elliott Wave 1  Hour  Chart 01.26.2025

AMD stock remains bearish against the 131.74 peak in the first degree. The short-term recovery (Wave 4 red) appears to be completed as an Elliott Wave Zig Zag pattern at the 125.7 high. While the price stays below this level, we believe Wave 5 red may be in progress toward new lows.

Price Targets & Trading Strategy

We expect to see further decline. AMD is ideally targeting the 110.43-105.72 area.
We don’t recommend forcing long trades at this stage and prefer staying short from the previous Blue Box area. The right strategy for buyers is to wait for the extreme zone to be reached before buying the stock again.

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AMD 1-hour Elliott Wave chart showing Wave 4 completionAMD 1-Hour Chart Showing Wave 4 Completion at 125.7

AMD Elliott Wave 1 Hour Chart 01.27.2025

Held below the 125.7 high and declined as expected. We may see a 3-wave bounce against the 125.7 high before the further decline takes place. The next short-term target zone to the downside is at the 110.43-105.72 area.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

AMD 1-hour chart showing expected decline to 110.43-105.72AMD Approaching Target Zone at 110.43-105.72

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