Elliott Wave flags more gains for AMD [Video]
|Advanced Micro Devices (AMD) recently achieved an all-time high within an impulsive sequence that remains incomplete. The rally from the April 2025 low has thus far unfolded in only three waves. This implies that further upside potential is likely. In the near term, the cycle originating from the October 11 low continues to progress in the form of a diagonal structure.
From the October 11 pivot, wave 1 concluded at $242.88, followed by a corrective wave 2 that ended at $224.85, as illustrated in the accompanying 30-minute chart. The stock subsequently advanced in wave 3, which subdivided into a clear impulsive pattern. Within this leg, wave ((i)) peaked at $232.30, and wave ((ii)) retraced to $227.25. Wave ((iii)) extended to $264.58, followed by a modest pullback in wave ((iv)) to $257. The final thrust in wave ((v)) reached $272, thereby completing wave 3 of a higher degree.
Wave 4 unfolded as a double three Elliott Wave structure. From the wave 3 peak, wave ((w)) declined to $252.31, wave ((x)) rebounded to $262.13, and wave ((y)) completed the correction at $235.50. Provided the $224.85 pivot remains intact, the stock is expected to resume its ascent in wave 5. The projected target for wave 5 lies between $280.50 and $294.40, corresponding to the 123.6%–161.8% inverse retracement of wave 4.
Advanced Micro Device (AMD) latest 30 minutes Elliott Wave chart from 11.06.2025 post market
Advanced Micro Device Elliott Wave [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.