AMD continues to demonstrate solid technical strength right now. The price is holding comfortably above both its short-term and intermediate-term moving averages, which is a positive signal. The recent pullbacks we've seen? That's just healthy consolidation—definitely not the kind of breakdown you'd worry about.

The real thing to watch is how the stock behaves around those moving average support levels. As long as AMD maintains that rising MA structure and keeps finding higher lows, the bullish bias stays intact. That's the pattern you want to see in a strong stock.

Here's the thing: strong equities don't just roll over and collapse. They hold key technical levels, they consolidate instead of crashing. AMD is checking those boxes. So until we see it decisively break below these moving averages, the momentum narrative remains solidly bullish.