The AMD share continues to increase when exports are to be resumed to China – roam these key price levels

The shares of Advanced Micro Devices (AMD) rose again on Wednesday because the company's plans to restart the exports of its Mi308 chips to China as soon as it has received the final approval of US authorities.

Reports that the US trade department had informed the company that it will again check applications for licenses for the sale of the chips in China, sent AMD shares by more than 6% on Tuesday. The share received another 3% on Wednesday and closed the highest level since the end of October at around 160 US dollars.

The rival chip giant NVIDIA (NVDA) announced in the late Monday that the exports of his H20 chips to China had been resumed after receiving the assurance of the Trump government that the restrictions imposed in April were lifted. AMD had previously announced that they were exposed to up to 800 million US dollars in connection with the export of his MI308 chip, while Nvidia expected the curbs to cost 5.5 billion US dollars.

AMD shares have more than doubled since they have reached their low since the beginning of April. The share rose by 33% in 2025 and exceeds the 28% profit from Nvidia.

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

Golden cross formed

AMD shares founded a close rectangular formation in the trading session on Tuesday and laid the basics for a continuation of the sequel.

It is important that the outbreak on the highest volume has occurred since mid -June, which indicates that the conviction of larger market participants bought. In addition, the relative strength index confirms the bullish impulse, although it also flashes over the 70 -year threshold of the indicator.

It is also worth noting that the 50-day sliding average crossed over the 200-day MA on Wednesday to form a golden cross, a diagram signal that gives the beginning of a new trend higher.

Let us identify two important overhead areas that you can observe if the impulse in AMD shares keeps building up and also find the support levels that are worth monitoring in potential declines in the share.

To observe important overhead areas

The first overhead area that can be seen is about 187 US dollars. This area in the table could provide resistance near the peak January 2024 and last year of July. The location also includes approximately with a measured move goal, which calculates the distance of the trend of the share, which preceded the rectangle, and adds this to the upper trend line of the formation.

A successful conclusion above this area could attach a rally towards 215 US dollars. Tactical dealers will probably look precisely this level, as it is just below the high of last year's high, which is characterized by a textbook starter tie star pattern.

Important support levels worth monitoring

In the case of retreat things, investors should first monitor the level of 148 US dollars. Investors who avoid having to pursue outbursts may be looking for purchase options in this place near the top of the rectangular formation, which touches a horizontal line that extends by December 2023.

After all, a deeper withdrawal in AMD shares could repeat the price of lower levels around 123 US dollars. This area in the table will have a confluence of the support near the most important moving average values and a trend line that connects a number of corresponding trading activities that extend from November 2023 to June of this year.

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