$AMD and Monthly Candles

$AMD

AMD 0.00%↑ is breaking out on this last trading day of the month. It’s blue skies above $165.

Relative to the S&P, AMD 0.00%↑ approached this level toward the end of 2021, before correcting by about half into 2022. It’s now cleared that hurdle.

For fun, consider this relative chart of AMZN 0.00%↑ to the S&P. Failed a bunch of times before the 2009 breakout, the rest is history. I suppose if you’re a believer in the importance of chips long-term, you’d expect a similar move from here on $AMD’s relative breakout.