AMD: 1D MACD Bearish Cross to correction the overbought momentumAdvanced Micro Devices, Inc.BATS:AMDInvestingScopeAdvanced Micro Devices may be on a strong loss today but remains overbought on its 1D technical outlook (RSI = 71.027, MACD = 51.490, ADX = 43.771) and still massively on 1W (RSI = 79.646) showing just how aggressive the recent 6 week rally has been. This week the price hit the top of the 1 year Channel Up giving the first warning and today's 1D MACD Bearish Cross the validation for a stronger dip. This could be nothing more than a standard technical correction like on the previous HH (October 28th 2025) when the 1W RSI was in the same overbought levels as now. Expect a fast decline first to the 1D MA50 to test the middle (Fibonacci 0.5) of the Channel Up (TP = 335.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##