AMD closed below major support for the head and shoulders pattern. We saw a lot of red in the overall markets last week, and I think we'll be seeing some sort of relief rally across broader markets. Be patient and don't chase this trade wait for a retest of that support level.
Note
More room to drop. AMD has been getting crushed, currently sitting around $63. Still more downside to come with my target of $59
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.