AMD's stock rose in the intraday levels while recouping some recent losses, amid the dominance of the downward short-term wave, while hurt by piercing the upside trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect the stock to return lower, targeting the support of 73.83, provided the resistance of 84.62 holds on.
Expected trend for today: Bearish