AMD Strong correction to $300 starting?Advanced Micro Devices, Inc.BATS:AMDTradingShotAdvanced Micro Devices (AMD) has been trading within a massive Channel Up since late 2018. The March 2026 Low following a Bull Flag that found bottom on the 1W MA50 (blue trend-line), eventually had its massive rally peak last month and since then we are seeing the first signs of a correction after that time. Notice that the 1W RSI got rejected after marginally breaking above AMD's 6-year Resistance, so it adds more strength on the probabilities that we may be starting a new strong correction. Without any stronger company-related fundamental catalyst, it is unlikely to see it approach its 1M MA100 (red trend-line) again and test the 0.618 Fibonacci retracement level. However technically, we expect at least a 1W MA100 (green trend-line) test, which by the end of the year should have hit at least $300. As with the Resistance, the 1W RSI would give the strongest buy signal if it hits its 32.25 Support. As a result, if that happens, AMD will turn into a long-term buy opportunity again, regardless of the price. The closest to the 0.618 Fib and $200 however, the better. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇