Ticker: AMD Bias: Bullish (Higher Timeframe Accumulation) Timeframe: Position Trade (weeks to months) The Setup: AMD is showing a higher timeframe accumulation schematic on the weekly. The majority of volume within the consolidation is concentrated at our Point of Control: ~$160. Price Inefficiency: $171–$190 Inefficiencies don't always fill, but they have a tendency to. This zone represents unfinished business above current price. Key Levels: - $186 - $149 - $100 - HTF Demand Zone: $76–$116 (weekly) The Play: If price retraces toward the Point of Control ($160) down into the HTF demand zone ($76–$116), these are objectively strong prices for position trade entries. We're looking for the accumulation schematic to complete and price to move toward filling the inefficiency above. Given the position trade timeframe, patience is the edge here. We're not forcing entries — we're letting the structure bring price to us. What I'm Watching For: - Signs of spring/test within the accumulation range - Reaction at $149, $160 POC, and $100 - Strength confirmation before targeting the $171–$190 inefficiency fill

Price has now bounced from our higher-timeframe demand zone (355–395), which was the primary area I was watching for risk compression. From a structure standpoint, nothing has changed on the bullish HTF thesis yet. Going forward, the key condition for me is acceptance above last week’s midpoint. As long as MSFT can close and hold above ~416, I’m comfortable maintaining a bullish bias. Failure to reclaim and hold that level would shift this into a more neutral / wait-and-see posture rather than an immediate continuation. This is still a probability tilt, not a certainty — but at current structure, buyers have defended where they needed to.