AMD in a free fall - Analysis - 18-09-2023

Advanced Micro Device's stock (AMD) skidded in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI, after reaching overbought levels, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the support of 88.95, provided it settles below the resistance of 107.46. 

Expected trend for today: Bearish