Take a look at this AMD share course level

The shares of Advanced Micro Devices (AMD) achieved the ground on Tuesday after the chip maker had achieved the result of the first quarter that exceeded the expectations of Wall Street.

The turnover in the company's data center increased by 57% in the quarter and helped to remove concerns about slowing down the AI ​​spending on the uncertainty about the effects of the tariffs of the Trump government on global growth. However, the chip maker warned that his results would be influenced by fees of around 800 million US dollars in connection with the tightening of the export restrictions for the turnover of his chips to China.

By the end of Tuesday, the AMD shares had increased by 18% since the beginning of the year and rose by almost 30% of their April low, which far exceeded the performance of the S&P 500 in these periods. The share rose by 1.7% to $ 100.32 in the trade on Tuesday.

In the following we take a closer look at the AMD diagram and apply technical analyzes to identify the most important price levels that investors will likely observe.

Focus on relegation channel

AMD shares have been lower within a descending channel since October and has been marking the upper and lower trend lines of the pattern several times since then.

In recent times, the share has gathered on the upper trend line of the channel and the sliding 50-day average of the channel, two indicators that delivered significant resistance on the table at the end of March.

The relative strength index (RSI) recently exceeded the 50 threshold value before the chip manufacturer's winning report in order to signal an improvement in price dynamics.

Let us indicate several important support and level of resistance at AMD charts that may come into play.

To observe main support levels

The first lower level that can be seen is 93 US dollars. This area in the table can be supported near the prominent October 2023, which also corresponds closely with a time of trading activities towards the end of the last month.

By failing bulls to defend this important technical level, the shares could lower the shares by $ 78. Investors can search in this region near the Bären trap of the share in April low of Buy-and-Hold opportunities.

To monitor decisive resistance levels

With a profit movement, it is worth observing the decisive level of $ 116. In this area near a horizontal line, the stocks can be exposed to the sale of the pressure in December 2023 in December 2023 with the peaks that developed in February and March of this year. It is worthwhile to deepen this level at the 38.2% fibonacci retracement level when using a network from October high to April.

After all, the purchase above this level could lead to a renewed test of the overhead resistance around 132 US dollars. Investors who have accumulated AMD shares at lower prices can decide to determine profits in this region near last year's August Swing Swing and this year's early January yard of the past year.

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