Watch These AMD Price Levels as Stock Jumps to Highest Level Since January

The shares of the Advanced Micro devices (AMD) will remain in mind after hitting their highest level from January on Monday, raised by optimism that the trade discussion between the US and China could be reduced.

Kevin Haset, director of the National Economic Council of the White House, said the stickers said CNBC In early Monday, Washington and Beijing officials intended to discuss the expansion of Chinese access to American-made semiconductors during a conversation between the two countries in London this week and the two countries in London this week.

In April, AMD warned that its results would be affected by allegations of about 800 million dollars related to tightening the restrictions on the sale of their chips in China, while rival AI Behemoth (NVDIA) warned that it would charge a $ 5.5 billion to the limit on its H20 chip exports.

AMD shares on Monday increased by about 5%, which is about $ 122. Stock has increased by about 60% in early April, where it began in 2025, where investors assess whether the company may move forward in the AI ​​chip market.

Investors will learn more about AMD schemes for Artificial Intelligence at the company’s “Advanceing AI” event on Thursday, with CEO Lisa Su.

Below, we closely look at the chart of AMD and use technical analysis to identify major price levels that will be the possibility of monitoring investors.

200-day moving averages in focus

After exiting a descending wide formation last month, AMD stocks have traded mostly of the 200-day moving average (MA) closely viewed.

Recently, the price of stock has moved towards May high, a step that coincides with the relative power index, which indicates the strengthening of the price speed. It is also worth indicative that shares recorded their highest trading volume in about a month on Monday, indicating increasing interest in chipmaker stock.

Let us identify three major overhead areas on the chart of AMD whether shares continue more trend and detect a major support level worth viewing during possible retracement.

Major overhead area for monitoring

The first overhead area to monitor $ 123 sits around. This area can provide resistance near May Swing High, which closely aligns closely with the previous year’s major pre-August sell-off swing low.

A decisive over the 200-day MA can extend a rally towards $ 145. Shares can run at this location near a trendline under sales pressure that combines a series of trading activity on the chart between April and December last year.

Further procurement can see the price test of the stock to see high overhead resistance around $ 175. Investors who have deposited shares at the lower levels may decide to lock the profit in the region near notable peaks to develop on the chart in May and October 2024.

The main support level is worth watching

During the return to the stock, investors should keep a close watch on the $ 108 level. On the chart, the region will probably attract purchases near the previous month’s pullbacks and near the early-February trough of the stock.

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