Trend continuation in $AMDAfter correcting the previous big rise, the stock has formed an inverted Shoulder-Head-Shoulder pattern that has broken out to the upside. Both in the daily and weekly timeframe it is above the SMA 30 and a crossover of averages can be observed in an oversold Stoch RSI in the weekly timeframe.
In favor and accompanying the trend we have the reference index NASDAQ:SOX at maximums, although we must keep an eye on the divergence that has formed in the weekly RSI.