AMD
On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area. A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023.
Judging from the magnitude of this pullback and the RSI being close to oversold, I would think it is close to bottoming.
Here are the support levels below:
$136 (200-day moving average)
$121 (trendline checkback)