AMD's price action has been consolidating lately, though it's finding a floor around $194. The real question is whether buyers can push through that $220 level—that's the key to unlock any serious upside momentum.

If we break above $220, things get interesting. The next major target sits at $267.06, which would mean testing those previous highs that have been looming overhead. Right now it's a waiting game to see if sellers can hold the line or if momentum shifts back into the bulls' favor.