AMD is Looking Heavy with Significant Downside Potential

AMD reached an all time high of 164$ on Nov 30, 2020. Since then it has been retracing lower with price currently at 100$ psych level. The stock looks heavy. I expect the price to continue to chop its way lower toward the 72.5$ price point as a target. Analysis is void if price rises above 132.5$.
advancedmicrodevicesAMDamdshortChart PatternsTrend Analysis

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