Artificial intelligence continues to be one of the biggest themes driving the US market, and Advanced Micro Devices (AMD) is once again attracting attention after breaking above a major resistance level. Following months of steady accumulation and a strong series of 1GT Bullish signals, AMD has recently tested the $550 resistance zone, signalling renewed buying momentum and reinforcing its longer-term bullish trend.

In this article, I break down AMD using the One Good Trend (1GT) strategy, highlighting the key support and resistance levels that traders should monitor, what the latest breakout means from a technical perspective, and how traders can potentially participate in the move using Daily Leverage Certificates (DLCs). As long as the price is able to break and stay firmly above the $550 level, the next major upside target is $650 if momentum continues to build.

Advanced Micro Devices Inc. (AMD.NQ)

Advanced Micro Devices Inc. (AMD.NQ) is one of the world's leading semiconductor companies, designing high-performance processors and graphics chips for PCs, data centres, gaming consoles and artificial intelligence (AI) applications. 

As demand for AI infrastructure continues to accelerate, AMD remains one of the key beneficiaries, competing alongside other major chipmakers in powering next-generation computing.

From a technical perspective, AMD continues to display a strong and well-structured uptrend, supported by a series of higher highs and higher lows over the past few months.

After a consolidation phase between the $190 and $270 region from Q3 2025 to Q1 2026, the stock staged a powerful upward move after the breakout above the $270 level, with multiple 1GT Bullish signals emerging. 

These signals marked the beginning of the current uptrend, as buyers steadily regained control and momentum continued building.

The 20-day moving average (green line) continues to trend higher and remains well above the 100-day moving average (red line).

At the same time, the 100-day moving average continues sloping upward and remains comfortably above the 200-day moving average (blue line), confirming that the broader long-term trend remains firmly bullish.

More recently, AMD has successfully broken above the key $550 resistance level, signalling renewed buying strength after several weeks of consolidation. 

This breakout suggests that the longer-term bullish trend remains firmly intact and may be entering its next phase higher.

Importantly, the 2 consecutive 1GT Bullish signals continue to play out, reinforcing the positive technical outlook. 

Bullish signals that emerge before or during a breakout often indicate that buying interest remains supportive of the prevailing trend.

The $550 currently remains a key resistance, where prices recently broke above this level but did not manage to stay above it. 

As long as the price is able to break and hold firmly above this level, there could be more upside potential.

For a more conservative approach, traders may look to accumulate on any short-term pullback to the previous $450 support area, allowing them to participate while maintaining a favourable risk-to-reward profile.

For those with a more aggressive stance, traders can consider entering near the $550 support level if the price continues to show strength and hold above it. 

As long as this level continues to hold, the bullish momentum could remain intact and potentially drive the stock towards the next major resistance at $650. 

Overall, with the 1GT Bullish signals still active, moving averages aligned firmly to the upside, and price breaking out from a period of consolidation, AMD remains technically strong. 

Until a 1GT Bearish signal appears, the trend bias remains bullish, with the current setup suggesting that this breakout may still be in its early stages.

So, how does one take a position in Advanced Micro Devices Inc., whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in AMD shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

The reason for that is that the DLCs can potentially generate magnified returns for a given move in the underlying. 

You can trade in both long or short directions and in SGD trading currency during Asian market hours, even when the US markets are closed.

Traders who are bullish can consider the 3x Long DLC on AMD (Z4WW), while those who are bearish can consider the 3x Short DLC (KGZW) as shown below.

US Stock DLCs

Those keen to ride the short-term momentum in AMD can consider using Daily Leverage Certificates (DLCs) listed on SGX to amplify their exposure. 

The US Stock DLCs are designed to provide a fixed 3 times leverage performance on the underlying US stock daily performance on a US market close-to-close basis. The basic principle of the daily performance is as follows:

These DLCs are listed and traded on the SGX just like any other stock from 9:00AM to 5:00PM, and can be accessed through your regular brokerage account. 

Visit https://dlc.socgen.com/en/home to find out more.  

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

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