Verified Investing on $AMD (Nov 3, 2026)

First, let's talk about AMD. Look at this reaction. The price is currently trading at $527, and closed today at $483. Before I move on to post-closing trading, let me give you a quick overview.

Look where we were last week on October 28th. We were at the $576 level and then a sharp and massive drop occurred. Look at these two days of decline. The day that corresponded to October 30th closed clearly below this upward trend line .

This second day of the week closed even below the downtrend line, and with this close, the move below the uptrend line was confirmed , as this was the first candle that broke it.

So, this tells me that tomorrow, unless there is an upward price gap, this will be a key resistance level at $536.89 . One thing about gaps: if the price manages to jump over a trend line, think of that level as an area resembling a medieval army or a formidable obstacle.

If the price can overcome that obstacle when trading volume is not large, as is the case in post-closing trades, it can save a lot of the energy it would otherwise have consumed and use to continue its upward movement on the chart.

So, keep an eye on where the price will open tomorrow. Tomorrow, as I said, this upward trend line is located approximately at $536.80 to $537. If we open below that level, AMD will likely find it difficult to rise above it during the day.