AMD Pullback target
AMD has been moving up in the form of weekly bullish signals. Note that we are currently sitting inside TP3 of major weekly bullish signal and just started reversing back down.
Looking at daily timeframe, a daily bearish signal already got triggered and we have a huge negative divergence on momentum indicator. We are very likely touching daily TP1 first, have a little bounce/short-term relief, then proceed to the next target below. Note that at daily TP3 range there's a huge gap waiting to be filled.
Both routes are possible, we need to check pullback target for other indices like QQQ to determine which one is more likely.
Updates (1)
Update Β· October 15, 2026
Update: AMD reached daily TP1 as expected, bounce coming (Oct 15, 2026, 11:35 AM PDT)
As we expected yesterday, AMD dropped to Daily bearish TP1 this morning and has since then started to bounce back. We expect the bounce to continue for a couple more days at least, but next run down will be more brutal.