AMD: Downtrend in PlayAdvanced Micro Devices, Inc.NASDAQ:AMDHKCM_GlobalAMD has recently moved further to the downside. As a result, we now believe that a major upward trend ended at the $584.64 high and see the price in a larger correction, which we expect to conclude in our green Target Zone ($386.48–$339.69). After that, we anticipate a renewed move to fresh all-time highs above resistance at $584.64, where a larger bullish cycle should ultimately wrap up. In our alternative scenario, AMD would have already completed its correction. In this case, we’d expect an immediate move above resistance at $584.64, and our green Target Zone ($386.48–$339.69) would no longer be relevant (probability: 33%).