AMD needs to clear the dashed red line resistance around 140. The yellow/red downward funnel represents selling pressure that it has to escape before making next leg higher. If AMD can't clear the 140 resistance immediately, then it will likely pullback to 132-134. That would be an ideal buying opportunity.
The green upward funnel represents buying pressure. This will take it to new highs and overpower the selling pressure.
Initial upside target = 150-158 by mid to late Jan. 2024 (point target = 150 by 1/12/2024)
After initial target is hit, AMD could see brief flat to down before making move to at least 164 (goal target).