Almonty Industries and AMD show signs of technical recovery

Almonty Industries has seen a significant recovery in its stock price, gaining approximately 44% since its low on July 29. Technical analysis indicates a bullish breakout from a bull flag pattern, with the stock moving toward resistance levels between $17.16 and $19.53. Indicators such as the Relative Strength Index (RSI) and MACD show bullish crossovers, though analysts suggest potential consolidation following the rapid ascent.

Advanced Micro Devices (AMD) is also showing signs of a technical recovery after a correction from its all-time high. The stock has reclaimed the 20-day Exponential Moving Average (EMA) and broken above the $500 resistance level. AMD continues to position itself as a primary alternative to Nvidia in the AI server chip market, driven by its MI300 series and growth in the data center segment. Key support for AMD is identified at $475, while a drop below this level could lead to a retest of the $425 area.