Bearish flag ready to correct, thinking the stocks a little overvalued right now.
You can see the RSI declining slowly, might be time for some nice consolidation. If consolidation occurs it would be a great buying point before their next product release.
With the new Ryzen chip coming out we may see a influx in price as it is a huge competitor to Intel's latest chips and is much cheaper. The chip releases sometime in August or late July I believe...
View this article on tradingview: https://www.tradingview.com/chart/AMD/qnxK9Bqp-AMD-Stock-Overvalued-Look-for-Correction-Until-Ryzen-Chip-is-Out/