Take a look at this AMD share course level

The shares of Advanced Micro Devices (AMD) fell on Thursday after they had created six consecutive days in the AI ​​offers and share buyback plans.

The chip designer share has gathered on Wednesday at the highest level since the beginning of February, after the company had approved its share buyback plan for an additional 6 billion US dollars and increased its buyback program to $ 10 billion. The buyback messages were announced according to the chip maker and the AI ​​favorites of Nvidia (NVDA) that they started a four-day trip to the Middle East as part of initiatives that were announced when President Donald Trump started.

The AMD shares went back to almost $ 115 on Thursday. The stock rose by 50% compared to the early April low and has increased 17% since May 6th, when the company achieved better than expected income and an optimistic outlook that is powered by AI dynamics.

In the following we take a closer look at the technical data in AMDS diagram and identify important price levels that are worth taking a look at it.

Impulse accelerated

Since a bear trap marked the floor in AMD shares last month, the price has broken out over the sliding 50-day average and a descending channel, with the profits accelerated in the last trading sessions.

While the relative strength index (RSI) confirms the Bullish Price impulse with a reading above the 70 threshold, it also flashes over-tasted conditions, which may lead to a period of the near-Term consolidation.

Let us identify decisive support and resistance levels in AMD's diagram that investors will likely watch.

To observe decisive support levels

A retreat in the shares could initially bring the level of 110 US dollars into play. The shares may find support in this area in the table near the Swing High October 2023, which also corresponds to a number of commercial activities between February and May this year.

In the event of another disadvantage, the shares could take a lower support of around 96 US dollars. In this place near a horizontal line that connects three prominent lows on the table with the low of September 2023, investors can shop at this place.

To monitor important resistance levels

A continuation of the latest bullish dynamics from Stock could lead to the north to the north towards $ 132, this area, which is currently just above the closely observed 200-day average of 200 days and deliver the sales pressure near the Swing and January Counterrend High, which was remarkable last August.

Finally, the purchase above this level opens the door for a rally up to the important region 150 US dollars. Investors who have accumulated AMD shares at lower prices can decide to block profits from December 2023 to November last year near a trend line that connects several peaks and troughs on the table.

The comments, opinions and analyzes that were expressed on investopedia are only used for information purposes. For more information, see our disclaimer for warranty and liability exclusion.

Until the date on which this article was written, the author has none of the above securities.